[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4146 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4146

  To amend title 38, United States Code, to improve service disabled 
                          veterans' insurance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 26, 2017

  Mr. Pearce introduced the following bill; which was referred to the 
                     Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
  To amend title 38, United States Code, to improve service disabled 
                          veterans' insurance.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Disabled Veterans Life Insurance Act 
of 2017''.

SEC. 2. IMPROVEMENTS TO SERVICE DISABLED VETERANS' INSURANCE.

    (a) Time of Application.--Section 1922 of title 38, United States 
Code, is amended--
            (1) in subsection (a)--
                    (A) by striking ``within two years from'' and 
                inserting ``within 10 years from'';
                    (B) by striking ``two-year period'' and inserting 
                ``10-year period'';
                    (C) by striking ``or within two years after'' and 
                inserting ``or within 10 years after'';
                    (D) by striking ``filed within two years after'' 
                and inserting ``filed within 10 years after''; and
                    (E) by inserting after the third sentence the 
                following new sentence: ``The Secretary may waive, on a 
                case-by-case basis, any of the time limitations to 
                apply for insurance under this section if the Secretary 
                determines that such waiver is necessary because the 
                veteran (or a guardian, as the case may be) was not 
                properly informed of such insurance or because of any 
                other hardships experienced by the veteran (or 
                guardian).''; and
            (2) in subsection (b)(1)--
                    (A) by striking ``two-year period'' and inserting 
                ``10-year period''; and
                    (B) by striking ``two years'' and inserting ``10 
                years''.
    (b) Premium Rates.--Subsection (a) of such section is further 
amended--
            (1) by striking ``based on the Commissioners 1941 Standard 
        Ordinary Table of Mortality'' and inserting ``based on the 
        industry standard mortality table selected by the Secretary 
        (which shall be updated on a quinquennial basis)'';
            (2) by striking ``based upon the Commissioners 1941 
        Standard Ordinary Table of Mortality'' and inserting ``based 
        upon such industry standard mortality table''; and
            (3) by striking ``The Annuity Table for 1949'' and 
        inserting ``an industry standard annuity table selected by the 
        Secretary (which shall be updated on a quinquennial basis)''.
    (c) Amount of Payments.--Such section is amended--
            (1) in subsection (a), by adding at the end the following 
        new sentence: ``Notwithstanding section 1903, the amount of 
        insurance under this subsection may not exceed $95,000 (as 
        increased annually by the percentage determined under section 
        3564(a) of this title).''; and
            (2) in subsection (b), by striking ``$10,000'' and 
        inserting ``the amount specified in the last sentence of 
        subsection (a)''.
    (d) Supplemental Amount.--Section 1922A(a) of such title is amended 
by striking ``$30,000'' and inserting ``$115,000''.
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