Mr. President, today I introduce the Disabled Veterans Insurance Improvement Act of 2007. The purpose of this legislation is to make certain improvements in the insurance programs available to…
Mr. President, today I introduce the Disabled Veterans Insurance Improvement Act of 2007.
The purpose of this legislation is to make certain improvements in the insurance programs available to service-connected disabled veterans. It has two main components.
First, this legislation would increase the maximum amount of Veterans Mortgage Life Insurance, VMLI, that a service-connected disabled veteran may purchase from the current maximum of $90,000 to $200,000. The VMLI program was established in 1971 and is available to those service-connected disabled veterans who have received specially adapted housing grants from VA. In the event of the veteran's death, the veteran's family is protected because the Department of Veterans Affairs will pay the balance of the mortgage owed up to the maximum amount of insurance purchased.
The need for this increase is obvious in today's housing market where, during February, the median sale price of a home in the United States was estimated by the Bureau of Census to be $250,000. My legislation would ensure that this important benefit, which helps secure the financial future of many veterans and their families, keeps pace with changes in the economy.
My bill would also establish a new program of insurance for service- connected disabled veterans that would provide up to a maximum of $50,000 in level premium term life insurance coverage. This new program would be available to service-connected disabled veterans who are less than 65 years of age at the time of application.
Under the new program, eligible service-connected veterans would be able to purchase, in increments of $10,000, up to a maximum amount of $50,000 in insurance. Importantly, unlike existing life insurance programs, the premium rates for this program would be based on the 2001 Commissioners Standard Ordinary Basic Table of Mortality rather than the 1941 mortality table that the Service-Disabled Veterans Insurance, S-DVI, program is based upon.
When an insured veteran reaches age 70, two things would occur under this new program of insurance. First, the amount of insurance would be reduced to 20 percent of the amount of insurance in force prior to the veteran's 70th birthday. Second, the veteran would cease making premium payments. This means that during those years where the family's financial obligations would be commensurately higher because of children, mortgages, and the potential impact of any loss of income, the veteran's family would be able to purchase the maximum amount of term life insurance. At age 70, when resources are likely to be most restricted and the need for substantial insurance to take care of a family's needs after the veteran's death have lessened, the veteran would no longer have an obligation to continue to pay any insurance premiums.
My proposal provides that application for this insurance would need to be submitted by an eligible veteran within 2 years from the date on which VA establishes a service-connected disability to exist but not later than 10 years after a veteran's release from active duty. It would further provide that during the first year of the program, any eligible veteran who is presently insured under the S-DVI program could convert that insurance to a policy under this new program.
Both of the proposals contained in the legislation I am introducing today are compatible with the provisions of S. 643, the proposed Disabled Veterans Insurance Act of 2007, which I introduced on February 15 of this year.
I ask unanimous consent that the text of the bill be printed in the Record.
Mr. President, I rise today with my colleague from Hawaii, Senator Daniel Inouye, to introduce legislation to convert a temporary judgeship for the U.S. District Court for the District of Hawaii to a permanent position.
There are currently 3 permanent Federal judgeships and one temporary Federal judgeship in the U.S. District Court, District of Hawaii. The Judicial Improvement Act of 1990, P.L. 101-650 created the temporary position and mandates that the first vacancy occurring in Hawaii after October 2004 cannot be filled. The District of Hawaii will be left with only 3 Federal judge positions upon a judge vacating his or her position. The loss of a judgeship will severely impact Hawaii's judicial system.
In March 2007, the Judicial Conference recommended that Congress convert 5 temporary judgeships, one of which is in the District of Hawaii, to permanent status. Their recommendation is largely based on the significant increase in weighted filings that would occur if a judgeship is lost. The Conference projects that the current weighted filing of 380 per judgeship would climb to 507 per judgeship, which is 18 percent above the Conference standard, should the District of Hawaii lose a judgeship.
In addition, the Conference reported that the median time from filing to disposition for criminal cases in Hawaii has continued to increase from 1999 to 2005, making Hawaii's case processing times the second slowest in the nation. Since 2001, the District Court of Hawaii has completed an average of 50 trials per year, significantly less than the national average. Although Hawaii has 4 judgeships, 2 are senior judges
who only handle a small number of civil cases. The limited assistance provided by these senior judges is likely to decline further in the near future. These judges are not able to retire due to the constraints put forth by the loss of the temporary judgeship seat, should one of the current judges decide to leave. Furthermore, receiving assistance from visiting judges is made difficult by the high cost of travel to Hawaii. For these, and many other reasons, the Judicial Council of the Ninth Circuit supports the Judicial Conference's recommendation to convert this temporary judgeship to a permanent position.
I share the concern of many in Hawaii's legal community that the lack of a fourth permanent position will delay the timely issuance of justice in matters pending before the U.S. District Court, District of Hawaii. This is a disservice to all. The economic impact of extending trials and prolonging time spent in jail will burden Hawaii's taxpayers. Moreover, the lack of timely judicial review will have negative social impacts by prolonging the disruption in individuals' families and lives. The bill we introduce today would ensure 4 Federal judgeships remain active in Hawaii to address the needs of the District Court of Hawaii and the people of Hawaii.