Washington, DC - Today, Subcommittee on Disability Assistance and Memorial Affairs (DAMA) Chairman Mike Bost (IL-12) introduced the bipartisan Veterans’ Compensation COLA Act of 2018 to provide a cost-of-living adjustment (COLA) to veterans.

“I’m proud to carry this bill to provide important cost-of-living adjustments to our nation’s veterans and their dependents,” said DAMA Subcommittee Chairman Bost. “It’s vitally important that we ensure the men and women who have served our nation receive the benefits they have earned. We need to get this legislation through Congress and to the President to provide certainty to our nation’s heroes.”

“Ensuring our heroes’ benefits keep pace with the rising cost of living is the least we can do for them,” said DAMA Subcommittee Ranking Member Esty. “With a cost-of-living adjustment, we were able to put more dollars in the hands of the men and women who served our nation and their families on a bipartisan basis last year, and I am hopeful that we will be able to do it again in 2018. I appreciate Chairman Bost’s leadership, partnership, and commitment on this vital issue.”

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 (hr_4958_veterans_compensation_cola_act_2018_one_pager.pdf) for more information. Read the bill here (cola_2018_xml.pdf).