VIRGINIA BEACH, VA – On Monday, President Joe Biden signed Rep. Elaine Luria’s (D-VA) bipartisan Veterans’ Compensation Cost of Living Adjustment (COLA) Act of 2022 into law to increase compensation and benefits for disabled veterans and their families. The President’s signature marks the fourth straight year that Rep. Luria’s legislation has become law.
In May, Rep. Luria introduced the Veterans’ COLA Act of 2022 with Rep. Troy Nehls (R-TX) to increase compensation rates for certain Department of Veterans Affairs benefits, including dependency and indemnity benefits paid to survivors and families of service members who died in the line of duty or suffer from a service-related injury or disease.
“I am grateful that the President has signed my bipartisan cost-of-living adjustment into law to increase compensation and benefits and support our disabled veterans and their families as high costs continue to impact Americans across the country,” Rep. Luria said. “This legislation is proof of the good that we can do when both sides come together, and I want to thank Rep. Nehls for his help in making the Veterans’ COLA Act the law of the land for the fourth straight year. I will continue to fight for and deliver for our veterans, active-duty personnel, and military families in Coastal Virginia and across the country.”
In 2021, President Joe Biden signed into law the Senate companion to Rep. Luria’s Veterans’ Compensation Cost-of-Living Adjustment Act of 2021, providing a 5.9 percent increase in compensation for veterans—the largest raise since 1982. Both the Veterans’ Compensation Cost-of-Living Adjustment Act of 2019 and 2020 passed with overwhelming bipartisan support before becoming law.