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US HR4134

US HR4134
America First Act


summary

Introduced
02/28/2014
In Committee
06/20/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

America First Act - Repeals the provision of the Bipartisan Budget Act of 2013 that reduces the cost-of-living adjustment to the retirement pay of members of the Armed Forces under age 62. Offsets the cost of such repeal by reducing amounts authorized to be appropriated for foreign aid (including non-military and military assistance) for FY2015-FY2024.

AI Summary

This bill, titled the America First Act, proposes to repeal a provision from the Bipartisan Budget Act of 2013 that reduced the annual cost-of-living adjustment, or COLA, for the retirement pay of members of the Armed Forces who are under age 62. A COLA is an increase in benefits to keep pace with inflation. To pay for this repeal, the bill would offset the cost by reducing the amounts authorized for foreign aid, which includes both non-military and military assistance, by $600 million annually for each fiscal year from 2015 through 2024.

Committee Categories

Military Affairs and Security

Sponsors (1)

Last Action

Referred to the Subcommittee on Military Personnel. (on 06/20/2014)

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