Fairness for Servicemembers and their Families Act of 2024
This bill requires the Secretary of Veterans Affairs to review the automatic maximum coverage amount for Servicemembers' Group Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI) every three years, starting January 1, 2024. The review compares the current coverage limit to an inflation-adjusted amount calculated as $400,000 multiplied by the percentage increase in the Consumer Price Index (CPI) since 2005. This adjustment ensures coverage limits keep pace with inflation for eligible servicemembers and veterans enrolled in these insurance programs. The results of each review must be submitted to Congress.
Bill status
passed
3 of 5 stages cleared
Introduction
Apr 2023
Committee Review
Dec 2024
Senate Passage
Dec 2024
House Passage
President
Introduced Apr 26, 2023
Last action Dec 18, 2024
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
9
Key actions
3
Committee
2
Dec 17, 2024
Upper · Passed
Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S7096)
upper
Dec 17, 2024
Upper · Passed
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
upper
Dec 17, 2024
Upper · Passed
Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
upper
Apr 26, 2023
Committee
Read twice and referred to the Committee on Veterans' Affairs.
upper
Apr 26, 2023
Introduced
Introduced in Senate
upper
1 primary · 6 co-sponsors
Sponsors
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