S. 893: Veterans' Compensation Cost-of-Living Adjustment Act of 2013

S. 893

Veterans' Compensation Cost-of-Living Adjustment Act of 2013

Sponsor
Sen. Bernard Sanders

Date
November 12, 2013 (113th Congress, 1st Session)

Staff Contact
Communications

Floor Situation

On Tuesday, November 12, 2013, the House will consider S. 893, the Veterans’ Compensation Cost-of-Living Adjustment Act of 2013, under a suspension of the rules.  The bill was introduced on May 8, 2013, by Sen. Bernie Sanders (I-VT) and passed in the Senate without amendment by unanimous consent.  The bill was received in the House and referred to the House Committee on Veterans’ Affairs. 

Bill Summary

S. 893 would, on December 1, 2013, provide a Cost-of-Living increase in disability compensation, compensation for dependents, dependency and indemnity compensation for surviving spouses and children, and the clothing allowance for certain disabled veterans.  Moreover, this legislation requires each increase to be the same percentage as the increase in benefits provided under Title II of the Social Security Act.

Cost

CBO estimates that the Cost-of-Living Adjustment authorized would be assumed in CBO’s baseline, “consistent with section 257 of the Balanced Budget and Emergency Deficit Control Act.”[1] CBO estimates that enacting this bill would have no budgetary effect relative to this baseline.  Enacting this legislation would increase spending by $0.9 million in Fiscal Year 2014, assuming the COLA to be 1.5 percent.

Additional Information

For questions or further information contact the GOP Conference at 5-5107.