S.Amdt. 2152

SA 2152. Mr. CORNYN (for himself and Ms. Hassan) submitted an
amendment intended to be proposed by him to the bill S. 4638, to
authorize appropriations for fiscal year 2025 for military activities
of the Department of Defense, for military construction, and for
defense activities of the Department of Energy, to prescribe military
personnel strengths for such fiscal year, and for other purposes; which
was ordered to lie on the table; as follows:

At the appropriate place in title X, insert the following:

SEC. 10__. PERIODIC REVIEW OF AUTOMATIC MAXIMUM COVERAGE
UNDER SERVICEMEMBERS' GROUP LIFE INSURANCE AND
VETERANS' GROUP LIFE INSURANCE.

(a) In General.--Subchapter III of chapter 19 of title 38,
United States Code, is amended by adding at the end the
following new section:

``Sec. 1980B. Periodic review of automatic maximum coverage

``(a) In General.--On January 1, 2025, and every five years
thereafter, the Secretary shall--
``(1) complete a review of how the amount specified in
section 1967(a)(3)(A)(i) compares to the amount described in
subsection (b); and
``(2) submit to the Committees on Veterans' Affairs of the
House of Representatives and the Senate the results of the
review, which may serve as a guide for coverage increases
within the existing administrative incremental structure.
``(b) Amount Described.--The amount described in this
subsection is the amount equal to--
``(1) $500,000; multiplied by
``(2) the average percentage by which the Consumer Price
Index changed during the five fiscal years preceding the
review under subsection (a).
``(c) Consumer Price Index Defined.--In this section, the
term `Consumer Price Index' means the Consumer Price Index
for All Urban Consumers published by the Bureau of Labor
Statistics of the Department of Labor.''.
(b) Clerical Amendment.--The table of sections at the
beginning of chapter 19 of such title is amended by inserting
after the item relating to section 1980A the following new
item:

``1980B. Periodic review of automatic maximum coverage.''.
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