Veterans' Compensation Cost-Of-Living Adjustment Act of 2023

Floor Speech

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Mr. LUTTRELL. Mr. Speaker, I rise today in support of S. 777.

Mr. Speaker, I thank Senator Tester and Senator Moran for leading this bill through the Senate. I also thank the Disability Assistance and Memorial Affairs Subcommittee's ranking member, Mr. Pappas, for joining me and co-leading the House companion to S. 777.

As Chairman Bost said, this legislation is necessary to ensure that veterans' and survivors' compensation benefits keep pace with rising inflation.

There are veterans in my district who are struggling to make ends meet. Without their disability compensation benefits, they may not be able to do just that.

Finances and the ability to pay bills can be a major source of stress and anxiety for so many veterans, survivors, and their families. According to the U.S. Bureau of Labor Statistics, in just 1 year, the consumer price index has risen 4.9 percent, with housing and gas prices at the front of the charge. This bill is crucial to ensure that veterans can keep pace with this widespread inflation.

Mr. Speaker, I know many of my colleagues are committed to helping their veteran constituents, and I urge my colleagues to support this bill.

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