Modern GI Bill Act

Hozzl · 2023-12-15T15:53:43Z

Explore the details of House Bill 393 Modern GI Bill Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

12/15/2023, 3:53 PM

Summary of Bill HR 393

The Modern GI Bill Act, also known as Bill 118 hr 393, is a piece of legislation introduced in the US Congress aimed at updating and improving the GI Bill for veterans. The GI Bill is a federal program that provides education and training benefits to veterans and their families.

The Modern GI Bill Act seeks to expand and enhance the benefits available to veterans under the GI Bill. Some of the key provisions of the bill include increasing the amount of financial assistance available to veterans for education and training, expanding eligibility criteria to include more veterans, and providing additional support services to help veterans succeed in their educational pursuits.

Additionally, the bill aims to streamline the application process for veterans seeking GI Bill benefits and improve the oversight and accountability of the program to ensure that funds are being used effectively and efficiently. Overall, the Modern GI Bill Act is designed to better support and empower veterans as they transition back to civilian life and pursue their educational and career goals. It is currently being considered by Congress and has received bipartisan support.

Congressional Summary of HR 393

Modern GI Bill Act

This bill authorizes individuals who are entitled to educational assistance under the Post-9/11 GI Bill to apply amounts of such assistance to repay federal student loans for up to 36 months.

The bill sets a cap and annual cost-of-living increases for the amount of educational assistance that may be paid to an individual under this bill during FY2024 and the following years.

Read the Full Bill

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Current Status of Bill HR 393

Bill HR 393 is currently in the status of Bill Introduced since January 17, 2023. Bill HR 393 was introduced during Congress 118 and was introduced to the House on January 17, 2023. Bill HR 393's most recent activity was Referred to the Subcommittee on Economic Opportunity. as of February 8, 2023

Bipartisan Support of Bill HR 393

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 393

Primary Policy Focus

Armed Forces and National Security

Potential Impact Areas

- Government lending and loan guarantees

- Higher education

- Student aid and college costs

- Veterans' education, employment, rehabilitation

Alternate Title(s) of Bill HR 393

Modern GI Bill Act

To amend title 38, United States Code, to allow individuals who are entitled to Post-9/11 educational assistance to use such assistance to repay Federal student loans.