OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Veterans' Compensation Cost-Of-Living Adjustment Act of 2021

Floor Speech

By: Mike Bost
By: Mike Bost
Date: Sept. 20, 2021
Location: Washington, DC


Mr. Speaker, I rise today in support of S. 189, the Veterans' Compensation Cost-of-Living Adjustment Act of 2021. This bill will help ensure that benefits paid to veterans who are disabled as a result of their military service do not lose value because of inflation.

S. 189 authorizes a cost-of-living increase for veterans and their families next year as long as Social Security recipients receive an increase.

Many disabled veterans and their families rely on these compensation benefits to pay their bills, such as mortgage payments and groceries. In some cases, these benefits may even be the veteran's only income. Moreover, VA benefits are providing much-needed financial support to many veterans facing uncertainty due to this pandemic.

We must pass this bill and ensure that compensation benefits for our disabled veterans keep pace with rising costs.

I would like to thank Senator Thune for introducing this important legislation. I urge my colleagues to support S. 189.

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Mr. BOST. Mr. Speaker, I encourage all my colleagues to support this bill, and I yield back the balance of my time.

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