Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 570) to amend title 38, United States Code, to provide for annual cost-of-living adjustments to be made automatically by law each year in the rates of disability compensation…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 570) to amend title 38, United States Code, to provide for annual cost-of-living adjustments to be made automatically by law each year in the rates of disability compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for survivors of certain service-connected disabled veterans, as amended.
Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days within which to revise and extend their remarks and add any extraneous material that they may have on H.R. 570, as amended.
Mr. Speaker, I yield myself such time as I might consume.
The author of the underlying bill, Mr. Runyan of New Jersey, has put forward a bipartisan proposal to make permanent the veterans cost-of- living adjustment. Currently, Congress must adopt annual COLA bills to ensure that payments to disabled veterans and survivors do not erode due to inflation.
Mr. Runyan's bill, which my amendment incorporates, would make this annual, and sometimes dangerously delayed, practice a thing of the past. A coalition of veterans groups expressed strong concern with some other elements of the underlying bill, which my amendment now seeks to address.
First, the concern was expressed that the bill would permanently extend the 20-year practice of rounding veterans COLA increases down to the next lower whole dollar. The Congressional Budget Office estimates that extending the round-down authority saves, relative to the baseline, over $1.3 billion over a 10-year period.
The veterans coalition was concerned about the cumulative effect that the permanent round-down would have, as well as the moral principle associated with logging savings on the backs of our disabled veterans.
To meet that concern, I worked with our ranking member to, first, sunset the round-down authority after 5 years, and second, we agreed with the committee's markup to find a way to reinvest savings associated with the round-down by improving benefits for other disabled veterans.
I am pleased to announce that my amendment contains such an improvement that it is now enthusiastically supported by the veterans groups.
Our bipartisan work would significantly increase the special monthly compensation payments made to our most severely disabled veterans by 30 percent through the year 2018, then 50 percent thereafter. This is a payment that goes to support catastrophically disabled veterans who are in need of aid and attendance. These are veterans who are missing limbs, totally blind, deaf, or who are so disabled that they require the need of special care in the home, all as a result of their military service.
Clearly, it's our duty to ensure that these most deserving service- disabled veterans are well-cared for, and my amendment to H.R. 570 will be a significant step in that direction.
And finally, the service organizations were concerned about the potential application of the so-called chained CPI at some point in the future that could potentially affect veterans COLAs. To allay that concern, my amendment specifies that the permanent veterans COLA only would be continued to the extent that the current inflationary index that is used now, the CPI for urban wage earners and clerical workers, continues in force.
I'm very pleased to say that, with the changes in my amendment, we now have a bill that can be supported by the veterans it is intended to benefit.
With that, I reserve the balance of my time.
Mr. Speaker, at this time I'm happy to yield such time as he might consume to the gentleman from New Jersey (Mr. Runyan), the chairman of the Subcommittee on Disability Assistance and Memorial Affairs.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, we have no further requests for time. We're prepared to close, if the ranking member is as well.
Mr. Speaker, I once again urge all of my colleagues to support H.R. 570, as amended, and I yield back the balance of my time.