Mr. Speaker, I rise in support of H.R. 7846, the Veterans' Compensation Cost-of-Living Adjustment Act of 2022. I thank Subcommittee on Disability Assistance and Memorial Affairs Chair Luria and Ranking Member Nehls for introducing this bill.
It would increase the rate of disability compensation and DIC compensation for survivors to keep up with the steep rise in the cost of living. This legislation is absolutely vital in the face of rampant inflation, a potential recession, and a high cost of living under the Biden administration.
We must ensure that our veterans are able to pay their bills and put food on the table for their families. If we do not act, our veterans and their families will bear the burden of the careless financial actions of this administration.
Mr. Speaker, I am glad to offer my support today, and I hope my colleagues will do the same.
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Mr. BOST. Mr. Speaker, I encourage my colleagues to support this bill, and I yield back the balance of my time.
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