Veterans' COLA Act of 2024

4/19/2024, 1:49 PM
Read twice and referred to the Committee on Veterans' Affairs.
Bill 118 s 4047, also known as the Veterans' COLA Act of 2024, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide a cost-of-living adjustment (COLA) for veterans receiving benefits from the Department of Veterans Affairs.

If passed, this bill would ensure that veterans receive an increase in their benefits to account for the rising cost of living. This adjustment would help veterans maintain their standard of living and keep up with inflation.

The Veterans' COLA Act of 2024 is seen as a way to show appreciation for the sacrifices made by veterans and to ensure that they are taken care of in their retirement years. It is a bipartisan effort to support those who have served our country and to honor their service. Overall, this bill aims to provide financial support to veterans and their families, ensuring that they are able to live comfortably and with dignity. It is an important piece of legislation that recognizes the contributions and sacrifices of our nation's veterans.
Congress
118
Number
S - 4047
Introduced on
2024-03-21
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/21/2024
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Read twice and referred to the Committee on Veterans' Affairs.
Bill 118 s 4047, also known as the Veterans' COLA Act of 2024, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide a cost-of-living adjustment (COLA) for veterans receiving benefits from the Department of Veterans Affairs.

If passed, this bill would ensure that veterans receive an increase in their benefits to account for the rising cost of living. This adjustment would help veterans maintain their standard of living and keep up with inflation.

The Veterans' COLA Act of 2024 is seen as a way to show appreciation for the sacrifices made by veterans and to ensure that they are taken care of in their retirement years. It is a bipartisan effort to support those who have served our country and to honor their service. Overall, this bill aims to provide financial support to veterans and their families, ensuring that they are able to live comfortably and with dignity. It is an important piece of legislation that recognizes the contributions and sacrifices of our nation's veterans.
Alternative Names
Official Title as IntroducedA bill to increase, effective as of December 1, 2024, the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans, and for other purposes.
Policy Areas
Armed Forces and National Security

Comments

Related

Bill Update Alert:  Veterans’ Compensation Cost-of-Living Adjustment Act of 2023
Bill Update Alert:  Veterans’ Compensation Cost-of-Living Adjustment Act of 2024

Recent Activity

Latest Action3/21/2024
Read twice and referred to the Committee on Veterans' Affairs.