On Motion to Suspend the Rules and Pass: S 2794 Supporting Families of the Fallen Act

This act increases from $400,000 to $500,000 the maximum coverage amount for members (or former members) of a uniformed service under the Servicemembers' Group Life Insurance program and the Veterans' Group Life Insurance program. This act takes effect on the later of 60 days after the date of enactment or the date on which the Department of Veterans Affairs determines that (1) the increased coverage amounts and the premiums for the coverage are administratively and actuarially sound for the insurance programs, and (2) will not result in the programs operating at a loss.