Compensation Fund Recrediting Act
Filipino Veterans Compensation Fund: Closing the Program
This bill is currently in the early stages of the legislative process and is being reviewed by the House Committee on Veterans' Affairs. It is actively moving forward as it waits for the committee to discuss the proposal. There are no upcoming votes scheduled at this time.
Legislative Progress
This is a technical bill to close an old program, and such bills often do not move forward unless they are added to a bigger piece of legislation.
Key Points
- This bill aims to shut down a specific fund that was created in 2009 to pay Filipino veterans who served alongside the U.S. military in World War II.
- The program would officially end on January 1, 2027, and any money remaining in the account would be moved into the government's general fund.
- Since the fund has been open for over 15 years, this bill acts as a way to finish the program now that most eligible veterans have already received their payments.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Veterans' Affairs.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Compensation Fund Recrediting Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.