Bill > HR2341

This bill, the Veterans Pension Protection Act, aims to prevent individuals from improperly qualifying for veterans' pension benefits by quickly giving away assets for less than their true value. Specifically, it requires the Secretary of Veterans Affairs (VA) to consider "covered resources" – assets that could reasonably be used for a veteran's or their spouse's or child's maintenance – that were disposed of for less than fair market value within a 36-month "look-back" period before applying for pension. If such a disposal is found, the bill mandates that pension payments be denied or discontinued for a period calculated based on the value of the disposed assets and the maximum pension amount, up to a maximum of 36 months. The bill also includes provisions for exceptions in cases of undue hardship or if the assets are returned, and requires the VA to inform applicants about these rules and collect relevant information. This legislation applies to veterans, surviving spouses, and children receiving pension benefits.