Veterans' COLA Act of 2023

12/15/2023, 4:06 PM

Veterans' Compensation Cost-of-Living Adjustment Act of 2023 or the Veterans' COLA Act of 2023

This act requires the Department of Veterans Affairs (VA) to increase the amounts payable for wartime disability compensation, additional compensation for dependents, the clothing allowance for certain disabled veterans, and dependency and indemnity compensation for surviving spouses and children. Specifically, the VA must increase the amounts by the same percentage as the cost-of-living increase in benefits for Social Security recipients that is effective on December 1, 2023. The bill requires the VA to publish the amounts payable, as increased, in the Federal Register.

The VA is authorized to make a similar adjustment to the rates of disability compensation payable to persons who have not received compensation for service-connected disability or death.

Congress
118

Number
S - 777

Introduced on
2023-03-14

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

Status of Legislation

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

Purpose and Summary

Veterans' Compensation Cost-of-Living Adjustment Act of 2023 or the Veterans' COLA Act of 2023

This act requires the Department of Veterans Affairs (VA) to increase the amounts payable for wartime disability compensation, additional compensation for dependents, the clothing allowance for certain disabled veterans, and dependency and indemnity compensation for surviving spouses and children. Specifically, the VA must increase the amounts by the same percentage as the cost-of-living increase in benefits for Social Security recipients that is effective on December 1, 2023. The bill requires the VA to publish the amounts payable, as increased, in the Federal Register.

The VA is authorized to make a similar adjustment to the rates of disability compensation payable to persons who have not received compensation for service-connected disability or death.

Alternative Names
Official Title as IntroducedA bill to increase, effective as of December 1, 2023, 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

Potential Impact
Administrative law and regulatory procedures
Department of Veterans Affairs
Disability assistance
Inflation and prices
Veterans' pensions and compensation

Comments

Recent Activity

Latest Summary6/20/2023

Veterans' Compensation Cost-of-Living Adjustment Act of 2023 or the Veterans' COLA Act of 2023

This act requires the Department of Veterans Affairs (VA) to increase the amounts payable for wartime disability compens...


Latest Action6/14/2023
Became Public Law No: 118-6.