To amend title 38, United States Code, to require the Secretary of Veterans Affairs to periodically review the automatic maximum coverage under the Servicemembers' Group Life Insurance program and the Veterans' Group Life Insurance program, and for other purposes.
Sponsors
Legislative Progress
ReportedAdditional sponsors: Mr. Fitzpatrick, Mr. Gottheimer, and Mr. Issa
Reported with an amendment, committed to the Committee of the …
Ms. Strickland (for herself, Mr. Bacon, Mr. Kim of New …
Summary
What This Bill Does
Mandates VA conduct five-year reviews comparing Servicemembers Group Life Insurance maximum coverage to inflation-adjusted baseline. Reports findings to Congress.
Who Benefits and How
- Service members and veterans may see coverage adjusted for inflation
- Military families benefit from adequate life insurance protection
- Congress receives data for potential coverage increases
Who Bears the Burden and How
- VA must conduct periodic reviews starting January 2025
- Federal budget if coverage amounts increased
Key Provisions
- Review due January 1, 2025 and every five years after
- Compares current $500K max to CPI-adjusted amount
- Uses Consumer Price Index for adjustment calculation
- Reports to House and Senate Veterans Affairs Committees
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires VA review of SGLI/VGLI coverage amounts against inflation every five years
Policy Domains
Legislative Strategy
"Ensure military life insurance keeps pace with inflation"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of Veterans Affairs
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology