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To amend title 38, United States Code, to exclude the proceeds of life insurance from consideration as income for purposes of determining veterans' pension benefits, and for other purposes. (Introduced in House)

HR 2163 IH

108th CONGRESS

1st Session

H. R. 2163

To amend title 38, United States Code, to exclude the proceeds of life insurance from consideration as income for purposes of determining veterans' pension benefits, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

May 20, 2003

Mr. BRADLEY of New Hampshire (for himself and Mr. MICHAUD) introduced the following bill; which was referred to the Committee on Veterans' Affairs

A BILL

To amend title 38, United States Code, to exclude the proceeds of life insurance from consideration as income for purposes of determining veterans' pension benefits, and for other purposes.

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

SECTION 1. EXCLUSION OF LIFE INSURANCE PROCEEDS FROM CONSIDERATION AS INCOME FOR VETERANS' PENSION PURPOSES.

Section 1503(a) of title 38, United States Code, is amended--

(1) by striking `and' at the end of paragraph (9);

(2) by striking the period at the end of the paragraph (10) and inserting `; and'; and

(3) by adding at the end the following new paragraph:

`(11) lump-sum proceeds of any life insurance policy on a veteran, for purposes of pension under subchapter III of this chapter.'.

SEC. 2. EFFECTIVE DATE OF DEATH PENSION.

Section 5110(d) of title 38, United States Code, is amended--

(1) by striking `(1)';

(2) by striking `death compensation or dependency and indemnity compensation' and inserting `death compensation, dependency and indemnity compensation, or death pension'; and

(3) by striking paragraph (2).

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