Fairness for Servicemembers and their Families Act of 2024

10/4/2024, 8:11 PM

Fairness for Servicemembers and their Families Act of 2024

This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every five years, taking into account the average percentage by which the Consumer Price Index for All Urban Consumers (CPI-U) increased in the five fiscal years preceding the review.

Bill 118 HR 2911, also known as the Fairness for Servicemembers and their Families Act of 2024, aims to provide support and protections for members of the military and their families. The bill addresses various issues that servicemembers and their families may face, including financial challenges, employment discrimination, and access to healthcare.

One key provision of the bill is the expansion of financial protections for servicemembers, such as capping interest rates on loans and prohibiting predatory lending practices targeted at military families. This is intended to prevent servicemembers from falling into debt traps and facing financial hardship while serving their country.

Additionally, the bill includes measures to address employment discrimination against servicemembers and their spouses. It prohibits employers from discriminating against employees based on their military status and provides job protections for military spouses who may face challenges in finding and maintaining employment due to frequent relocations. Furthermore, the Fairness for Servicemembers and their Families Act of 2024 seeks to improve access to healthcare for military families by expanding eligibility for certain healthcare programs and increasing funding for mental health services for servicemembers and their families. Overall, this bill aims to ensure that servicemembers and their families receive the support and protections they deserve while serving our country. It addresses a range of issues that impact military families and seeks to promote fairness and equality for those who sacrifice so much for our nation.
Congress
118
Number
HR - 2911
Introduced on
2023-04-26
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

9/17/2024
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

Fairness for Servicemembers and their Families Act of 2024

This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every five years, taking into account the average percentage by which the Consumer Price Index for All Urban Consumers (CPI-U) increased in the five fiscal years preceding the review.

Bill 118 HR 2911, also known as the Fairness for Servicemembers and their Families Act of 2024, aims to provide support and protections for members of the military and their families. The bill addresses various issues that servicemembers and their families may face, including financial challenges, employment discrimination, and access to healthcare.

One key provision of the bill is the expansion of financial protections for servicemembers, such as capping interest rates on loans and prohibiting predatory lending practices targeted at military families. This is intended to prevent servicemembers from falling into debt traps and facing financial hardship while serving their country.

Additionally, the bill includes measures to address employment discrimination against servicemembers and their spouses. It prohibits employers from discriminating against employees based on their military status and provides job protections for military spouses who may face challenges in finding and maintaining employment due to frequent relocations. Furthermore, the Fairness for Servicemembers and their Families Act of 2024 seeks to improve access to healthcare for military families by expanding eligibility for certain healthcare programs and increasing funding for mental health services for servicemembers and their families. Overall, this bill aims to ensure that servicemembers and their families receive the support and protections they deserve while serving our country. It addresses a range of issues that impact military families and seeks to promote fairness and equality for those who sacrifice so much for our nation.
Alternative Names
Official Title as IntroducedTo 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.
Policy Areas
Armed Forces and National Security
Potential Impact
Economic performance and conditions•
Government studies and investigations•
Life, casualty, property insurance•
Veterans' pensions and compensation

Comments

Recent Activity

Latest Summary9/16/2024

Fairness for Servicemembers and their Families Act of 2024

This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life I...

Latest Action9/18/2024
Received in the Senate.