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Rep. Bost speaks in support of the Veterans’ Compensation COLA Act

WASHINGTON, DC - A bipartisan bill authored by U.S. Representative Mike Bost (IL-12) to ensure our nation’s veterans receive the same annual cost-of-living adjustment (COLA) as Social Security recipients passed the U.S. House of Representatives Monday evening. The Veterans Compensation Cost-of-Living Adjustment Act (H.R. 4958) would increase the rates of compensation for veterans with service-connected disabilities beginning December 1, 2018.

“This vitally important bipartisan legislation financially protects the veterans who protected us,” said Bost. “Many disabled veterans and their families depend on their veterans benefits to pay for things like food and medicine. For many of these veterans, these vitally important payments allow them can keep their heads above water. I appreciate my colleagues on both sides of the aisle for supporting this legislation to extend a lifeline to our nation’s heroes. I encourage the U.S. Senate to take up this legislation as soon as possible.”

The Veterans’ Compensation COLA Act of 2018

The Veterans’ Compensation COLA Act of 2018, introduced by DAMA Chairman Bost would provide a cost-of-living increase for wartime disability compensation; compensation for dependents; clothing allowance; dependency and indemnity compensation to surviving spouses; and, dependency and indemnity compensation to children paid to our wounded warriors and their families for injuries they suffered while serving our nation in uniform. This increase would begin December 1, 2018. Click here for more information. Read the bill here.