Fairness for Servicemembers and Their Families Act of 2024

Floor Speech

Mr. Speaker, I rise to express my support for H.R. 2911, the Fairness for Servicemembers and their Families Act of 2024, as amended.

Mr. Speaker, last Congress, we passed S. 2794 into law. This bill increased the maximum coverage amount under the Servicemembers' Group Life Insurance, or SGLI, program and the Veterans' Group Life Insurance, or VGLI, program from $400,000 to $500,000.

Prior to that legislation, however, those maximum coverage amounts had not increased since 2005, clearly failing to keep pace with inflation.

To ensure that we are not waiting another decade or more to improve this benefit for our servicemembers and veterans, my good friend, Representative Marilyn Strickland, has introduced this bill, which requires VA to periodically review coverage amounts every 5 years and to report to Congress what the level of benefits would be if adjusted for inflation over that period.

This will allow Congress to regularly make a more informed decision about whether or not these maximum coverage amounts should be increased.

Mr. Speaker, this is commonsense legislation that allows Congress to better do our part to support servicemembers, veterans, and their families, and I encourage my colleagues to support it.

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Mr. TAKANO. Strickland), my good friend who is the author of H.R. 2911. She serves on the Armed Services Committee and the Transportation and Infrastructure Committee.

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Mr. TAKANO. Mr. Speaker, I ask all of my colleagues to join me in passing H.R. 2911, the Fairness for Servicemembers and their Families Act of 2024, as amended.

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