WASHINGTON, D.C. – Yesterday, the Senate passed Congresswoman Elaine Luria’s bipartisan bill, H.R. 6168, the Veterans’ Compensation Cost-of-Living Adjustment Act of 2020.
The Veterans’ Compensation Cost-of-Living Adjustment (COLA) Act of 2020 would put more money in the pockets of American veterans by increasing compensation rates for certain benefits from the Department of Veterans Affairs (VA). The COLA includes compensation, clothing allowance, and dependency and indemnity compensation (DIC) benefits. This bill would base increases in these benefits on the cost-of-living increase for Social Security recipients.
“As a 20-year Navy veteran, I understand how important it is to ensure that veterans’ benefits reflect the rising costs of living,” said Congresswoman Elaine Luria. “I’m pleased that my colleagues in the Senate passed this critical bill, which will provide a cost of living adjustment to disabled veterans who depend on their benefits to pay for necessities. Through this legislation, Congress is honoring its commitment to the heroes who sacrificed for our nation to preserve the freedoms we enjoy at home.”
This is the second time Congresswoman Luria has championed this vital bill for veterans. Last year, she introduced the Veterans’ Compensation Cost of Living Act of 2019, which became law with overwhelming bipartisan support.