Veterans' Compensation Cost-of-Living Adjustment Act of 2017

Bill 115 hr 1329, also known as the Veterans' Compensation Cost-of-Living Adjustment Act of 2017, is a piece of legislation that aims to provide a cost-of-living adjustment (COLA) for veterans receiving disability compensation from the Department of Veterans Affairs (VA). The bill was introduced in the House of Representatives on March 2, 2017, by Representative Mike Bost of Illinois.

The purpose of this bill is to ensure that veterans who have been injured or disabled while serving in the military receive adequate compensation that keeps pace with inflation and rising costs of living. The bill proposes a COLA increase that is equal to the increase in Social Security benefits for the same year. This adjustment would apply to veterans receiving disability compensation, as well as to survivors of veterans who have passed away as a result of their service-connected disabilities.

The bill has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of ensuring that veterans are adequately compensated for their sacrifices. The bill has also been endorsed by various veterans' organizations, who have advocated for this COLA adjustment to help veterans and their families maintain financial stability. Overall, the Veterans' Compensation Cost-of-Living Adjustment Act of 2017 seeks to provide much-needed financial support to veterans who have served our country and suffered disabilities as a result. By ensuring that their compensation keeps pace with the cost of living, this bill aims to honor the sacrifices of our veterans and provide them with the support they deserve.