Veteran Families Financial Support Act
This bill requires the Department of Veterans Affairs (VA) to implement a new veterans life insurance program starting January 1, 2023, for veterans with a service-connected disability. The policy does not go into force unless a veteran has been paying premiums for two years after enrollment. If a veteran dies during the two-year period, the VA shall pay the veteran's beneficiary the amount of premiums paid by the veteran plus interest.
The bill phases out an existing service-disabled veteran insurance program upon the implementation of the program in this bill.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2020-03-09 | Committee | Referred to the Subcommittee on Disability Assistance and Memorial Affairs. | House committee actions |
| 2020-02-28 | IntroReferral | Referred to the House Committee on Veterans' Affairs. | House floor actions |
| 2020-02-28 | IntroReferral | Introduced in House | Library of Congress |