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H.R. 3793, Supporting Families of the Fallen Act (CBO Report for Congress)

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Congress 117th
Date Requested Sept. 21, 2022
Requested By House Committee on Veterans’ Affairs
Date Sent Sept. 29, 2022
Description:
H.R. 3793 would increase the maximum amount of Servicemembers Group Life Insurance (SGLI) that a service member may carry from $400,000 to $500,000. The bill would similarly increase the maximum coverage amount available to veterans through the Veterans’ Group Life Insurance (VGLI) program. The Department of Veterans Affairs (VA), the administrator of both programs, would be required to confirm that the programs remain actuarially sound after the increases to the maximum coverage amounts and premiums.

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