Veterans' Compensation Cost-of-Living Adjustment Act of 2008

Bill 110 s 2617, also known as the Veterans' Compensation Cost-of-Living Adjustment Act of 2008, was introduced in the 110th Congress by Senator Daniel Akaka on January 17, 2008. The purpose of this bill was to provide a cost-of-living adjustment (COLA) for veterans receiving disability compensation from the Department of Veterans Affairs (VA).

The bill proposed a COLA increase for veterans' disability compensation that would be equal to the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the previous year. This adjustment would ensure that veterans' disability compensation kept pace with inflation and the rising cost of living.

The bill was passed by both the Senate and the House of Representatives and was signed into law by President George W. Bush on December 23, 2008. The COLA increase went into effect on December 1, 2008, and veterans began receiving higher disability compensation payments to help offset the rising cost of living. Overall, the Veterans' Compensation Cost-of-Living Adjustment Act of 2008 was a bipartisan effort to ensure that disabled veterans received fair and adequate compensation for their service-related injuries. The bill aimed to provide financial support to veterans and their families, helping them to maintain a decent standard of living despite economic challenges.