SECTION 1. Short Title.
This Act may be cited as the “Veterans Eligible to Transfer School (VETS) Credit Act”.
Veterans Eligible to Transfer School (VETS) Credit Act
An Act
To amend title 38, United States Code, to improve the method by which the Secretary of Veterans Affairs determines the effects of a closure or disapproval of an educational institution on individuals who do not transfer credits from such institution.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SEC. 2. Charge to Entitlement to Educational Assistance for Individuals Who Do Not Transfer Credits from Certain Closed or Disapproved Programs of Education.
by striking “ An individual” and inserting “ (i) An individual”;
by designating the second sentence as clause (iv) and indenting appropriately; and
by inserting after clause (i), as designated by paragraph (1), the following new clauses:
“(ii) In carrying out clause (i), the Secretary shall—
“(I) require an individual to certify in writing that the individual has transferred fewer than 12 credits as described in such clause;
“(II) require an individual who makes a certification under subclause (I) to acknowledge in writing that if the individual transfers 12 or more credits as described in such clause (i)—
“(aa) the individual may not be deemed under such clause to be an individual who did not receive such credits; and
“(bb) the Secretary shall rescind the certificate of eligibility provided under subclause (IV);
“(III) accept a certification under subclause (I) as proof of the individual transferring fewer than 12 credits; and
“(IV) provide to the individual who makes a certification under subclause (I) and makes the acknowledgment under subclause (II) a certificate of eligibility that the individual may provide to an educational institution as proof of the individual being covered by this paragraph.
“(iii) The Secretary shall notify individuals described in subparagraph (B) of being eligible to be covered by this paragraph.”
SEC. 3. Elimination of Requirement to Specify an Effective Period of a Transfer of Post-9/11 Educational Assistance to a Dependent.
Section 3319(e) of title 38, United States Code, is amended—
in paragraph (1), by adding “ and” after the semicolon;
in paragraph (2), by striking “ ; and” and inserting a period; and
by striking paragraph (3).
SEC. 4. Determination of Budgetary Effects.
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.