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Veterans' COLA Act of 2024

4/19/2024, 1:49 PM

Summary of Bill S 4047

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.

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Current Status of Bill S 4047

Bill S 4047 is currently in the status of Bill Introduced since March 21, 2024. Bill S 4047 was introduced during Congress 118 and was introduced to the Senate on March 21, 2024.  Bill S 4047's most recent activity was Read twice and referred to the Committee on Veterans' Affairs. as of March 21, 2024

Bipartisan Support of Bill S 4047

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
28
Democrat Cosponsors
10
Republican Cosponsors
12
Unaffiliated Cosponsors
6

Policy Area and Potential Impact of Bill S 4047

Primary Policy Focus

Armed Forces and National Security

Alternate Title(s) of Bill S 4047

Veterans' COLA Act of 2024
Veterans' COLA Act of 2024
Veterans’ Compensation Cost-Of-Living Adjustment Act of 2024
A 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.
A 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.

Comments

Sponsors and Cosponsors of S 4047

Jon Tester
Jon Tester
MontanaDemocrat
Thom Tillis
Thom Tillis
North CarolinaRepublican
Kyrsten Sinema
Kyrsten Sinema
ArizonaIndependent
Bernard Sanders
Bernard Sanders
VermontIndependent
Mike Rounds
Mike Rounds
South DakotaRepublican
Patty Murray
Patty Murray
WashingtonDemocrat

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