To amend title 38, United States Code, to increase the maximum coverage under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs from $250,000 to $500,000.

Increases the maximum coverage for members under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs from $250,000 to $500,000.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 460 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 460

To amend title 38, United States Code, to increase the maximum coverage 
under the Servicemembers' Group Life Insurance and Veterans' Group Life 
             Insurance programs from $250,000 to $500,000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 1, 2005

  Mr. Edwards (for himself and Mr. Emanuel) introduced the following 
     bill; which was referred to the Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
To amend title 38, United States Code, to increase the maximum coverage 
under the Servicemembers' Group Life Insurance and Veterans' Group Life 
             Insurance programs from $250,000 to $500,000.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN AUTOMATIC MAXIMUM COVERAGE UNDER SERVICEMEMBERS' 
              GROUP LIFE INSURANCE AND VETERANS' GROUP LIFE INSURANCE.

    (a) Maximum Under Servicemembers' Group Life Insurance.--(1) 
Subsection (a)(3)(A)(i) of section 1967 of title 38, United States 
Code, is amended by striking ``$250,000'' each place it appears and 
inserting ``$500,000''.
    (2) Subsection (d) of such section is amended by striking ``maximum 
amount of $250,000'' and inserting ``maximum amount provided under 
subparagraph (A)(i) of subsection (a)(3)''
    (b) Maximum Under Veterans' Group Life Insurance.--Section 1977(a) 
of such title is amended by striking ``$250,000'' each place it appears 
and inserting ``$500,000''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by section 1 shall take effect on the first day 
of the first month that begins more than 120 days after the date of the 
enactment of this Act.
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