Bill > HR2911

This bill, the Fairness for Servicemembers and their Families Act of 2024, requires the Secretary of Veterans Affairs to periodically review the automatic maximum coverage under the Servicemembers' Group Life Insurance (SGLI) program and the Veterans' Group Life Insurance (VGLI) program. Specifically, the bill mandates that the Secretary review the maximum coverage amount every five years and submit the results to the Committees on Veterans' Affairs of the House of Representatives and the Senate. The review will compare the current maximum coverage amount to an updated amount calculated based on the average percentage change in the Consumer Price Index (CPI) over the preceding five fiscal years.