A bill to direct the Secretary of Veterans Affairs to update the payment system of the Department of Veterans Affairs to allow for electronic fund transfer of educational assistance, administered by the Secretary, to a foreign institution of higher education, and for other purposes.

This bill requires the Department of Veterans Affairs (VA) to update its payment system to allow for electronic fund transfer of VA educational assistance to a foreign institution of higher education that provides an approved course of education to eligible recipients and does not have an employer identification number or an account with a domestic bank.

Bill 118 s 1090, also known as the "Veterans Educational Assistance Payment Modernization Act," aims to streamline the payment system of the Department of Veterans Affairs (VA) for educational assistance provided to veterans. The bill specifically directs the Secretary of Veterans Affairs to update the payment system to allow for electronic fund transfers of educational assistance to be made to foreign institutions of higher education.

Currently, veterans who are studying at foreign institutions face challenges in receiving their educational assistance payments in a timely manner due to the outdated payment system. This bill seeks to address this issue by modernizing the payment process and enabling electronic fund transfers, which will help expedite the payment process and ensure that veterans studying abroad receive their assistance in a more efficient manner.

In addition to updating the payment system, the bill also includes provisions for other purposes related to improving the educational assistance program for veterans. Overall, the goal of Bill 118 s 1090 is to enhance the support and benefits provided to veterans pursuing higher education, particularly those studying at foreign institutions.