HR 1554
108th Congress
House
Armed Forces and National Security
Annuities
Disabled
Economics and Public Finance
Families
Federally-assisted loans
Finance and Financial Sector
Government life insurance
Housing and Community Development
Insurance premiums
Interest rates
Labor and Employment
Law
Mortgage guaranty insurance
Mortgages
Survivors' benefits
Veterans' benefits
Veterans' loans
Veterans' pensions
Veterans Life Insurance Improvement Act of 2003
Introduced: April 2, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 24, 2003
Referred to the Subcommittee on Benefits.
Apr 2, 2003
Referred to the House Committee on Veterans' Affairs.
Apr 2, 2003
Introduced in House
Plain-English summary
Veterans Life Insurance Improvement Act of 2003 - Amends Federal provisions concerning the National Service Life Insurance and United States Government Life Insurance programs to allow payment of their insurance proceeds to: (1) another beneficiary if the first designated beneficiary has not made a claim to such payment within two years after the death of the insured; and (2) a person designated by the Secretary of Veterans Affairs if no claim has been filed by any designated beneficiary within four years after the insured's death.
Requires service-disabled life insurance premium rates, as well as all policy cash, loan, paid-up, and extended values, for months beginning on or after the date of enactment of this Act to be based on the 1980 Commissioners Standard Ordinary Basic Table of Mortality, with five percent annual interest.
Increases from $90,000 to $200,000 the maximum amount of veterans' mortgage life insurance coverage.
What's happening now
Referred to the Subcommittee on Benefits.
Committees of jurisdiction
2
Cosponsors
1