---
kind: "section"
citation: "38 U.S.C. § 1929"
title: "38"
title_heading: "Veterans’ Benefits"
number: "1929"
heading: "Authority to adjust premium discount rates"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/38/1929"
units:
  - "Part II — General Benefits"
  - "Chapter 19 — Insurance"
  - "Subchapter I — National Service Life Insurance"
---

# §1929. Authority to adjust premium discount rates

- (a) Notwithstanding sections [1902](/usc/38/1902.md), [1923](/usc/38/1923.md), and [1925](/usc/38/1925.md) of this title and subject to [subsection (b)](#b) of this section, the [Secretary](/usc/38/101.md?p=1) may from time to time adjust the discount rates for premiums paid in advance on National Service Life [Insurance](/usc/38/1901.md?p=1), [Veterans](/usc/38/1101.md?p=1)’ Special Life [Insurance](/usc/38/1901.md?p=1), and [Veterans](/usc/38/1101.md?p=1) Reopened [Insurance](/usc/38/1901.md?p=1).
- (b)
  - (1) In adjusting a discount rate pursuant to [subsection (a)](#a) of this section, the [Secretary](/usc/38/101.md?p=1) may not set such rate at a rate lower than the rate authorized for the program of [insurance](/usc/38/1901.md?p=1) involved under section [1902](/usc/38/1902.md), [1923](/usc/38/1923.md), or [1925](/usc/38/1925.md) of this title.
  - (2) The [Secretary](/usc/38/101.md?p=1) may make an adjustment under [subsection (a)](#a) of this section only if the [Secretary](/usc/38/101.md?p=1) determines that the adjustment is administratively and actuarially sound for the program of [insurance](/usc/38/1901.md?p=1) involved.

## Source credit

(Added Pub. L. 100–687, div. B, title XIV, § 1401(b)(1), Nov. 18, 1988, 102 Stat. 4129, § 729; renumbered § 1929 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404–406.)

## Notes

### Editorial Notes

### Amendments

1991—Pub. L. 102–83, § 5(a), renumbered section 729 of this title as this section.

Pub. L. 102–83, § 5(c)(1), substituted “1902, 1923, and 1925” for “702, 723, and 725” in subsec. (a) and “1902, 1923, or 1925” for “702, 723, or 725” in subsec. (b)(1).

Pub. L. 102–83, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator” wherever appearing.

### Statutory Notes and Related Subsidiaries

### Effective Date

Pub. L. 100–687, div. B, title XIV, § 1401(b)(2), Nov. 18, 1988, 102 Stat. 4129, provided that: “The amendment made by paragraph (1) [enacting this section] shall take effect with respect to premiums paid after the date of the enactment of this Act [Nov. 18, 1988].”