H.R. 3793 — Introduced in House

I 117th CONGRESS 1st Session H. R. 3793 IN THE HOUSE OF REPRESENTATIVES June 8, 2021Mr. Roy (for himself, Mrs. Miller-Meeks, Mr. Levin of California, and Ms. Slotkin) introduced the following bill; which was referred to the Committee on Veterans' Affairs A BILL To authorize the Secretary of Veterans Affairs to increase the maximum amount of a policy under the Veterans' Group Life Insurance and Servicemembers' Group Life Insurance, and for other purposes. 1. Short title This Act may be cited as the Supporting Families of the Fallen Act. 2. Veterans Group Life Insurance, Servicemember Group Life Insurance (a) In general Section 1967(a)(3)(A)(i) of title 38, United States Code, is amended by striking $400,000 and inserting $500,000. (b) Effective date and determination of the Secretary This Act shall take effect on the later of— (1) 60 days after the date of enactment of this Act; or (2) the 1st date on which the Secretary of Veterans Affairs determines that— (A) the new maximum amount and the premiums for such amount are administratively and actuarially sound for the insurance program; and (B) this change will not result in such program operating at a loss.