Veterans' Benefits Improvement and Health Care Authorization Act of 1986
Veterans' Compensation Amendments of 1986 - Title I: Rate Increases - Increases by two percent the rates of: (1) veterans' disability compensation; (2) additional compensation for dependents; (3) the clothing allowance for certain disabled veterans; (4) dependency and indemnity compensation for surviving spouses and for children; and (5) supplemental dependency and indemnity compensation for children.
Title II: Miscellaneous - Amends veterans' fiduciaries provisions to authorize the Administrator of Veterans Affairs to require the fiduciary to disclose any financial information concerning the veteran beneficiary that is within such fiduciary's knowledge.
Exempts the following from certain joint reports and from inclusion in any presidential order under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gram-Rudman-Hollings Act): (1) certain benefits which are based upon the service-connected disability or death of veterans; (2) certain veterans' life insurance accounts; and (3) certain veterans' revolving funds.
Provides that certain other veterans' benefits which are subject to reduction under the Gramm-Rudman-Hollings Act shall be determined in accordance with the sequestration order in effect on the date such benefits are accrued.
Exempts from any sequestration of funds ordered under the Gramm-Rudman-Hollings Act veterans' home loan guarantee programs.
Became Public Law No: 99-576.