H.R.5993 - SAVINGS Act of 2010

To amend title 38, United States Code, to ensure that beneficiaries of Servicemembers' Group Life Insurance receive financial counseling and disclosure information regarding life insurance payments, and for other purposes. view all titles (7)

All Bill Titles

  • Official: To amend title 38, United States Code, to ensure that beneficiaries of Servicemembers' Group Life Insurance receive financial counseling and disclosure information regarding life insurance payments, and for other purposes. as introduced.
  • Short: SAVINGS Act of 2010 as introduced.
  • Short: Securing America's Veterans Insurance Needs and Goals Act of 2010 as introduced.
  • Short: SAVINGS Act of 2010 as reported to house.
  • Short: Securing America's Veterans Insurance Needs and Goals Act of 2010 as reported to house.
  • Short: SAVINGS Act of 2010 as passed house.
  • Short: Securing America's Veterans Insurance Needs and Goals Act of 2010 as passed house.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 1
  • All-Time: 2,639
 
Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
07/30/10
 
09/29/10
 
 
 
 
 

 

Latest Vote

Result: Passed - September 29, 2010

Roll call number 552 in the House

Question: On Motion to Suspend the Rules and Pass, as Amended: H R 5993 Securing America’s Veterans Insurance Needs and Goals Act of 2010

 

Official Summary

Securing America's Veterans Insurance Needs and Goals Act of 2010 or SAVINGS Act of 2010 - Requires a life insurance company, in order to provide life insurance for veterans under the Servicemembers' Group Life Insurance program, to: (1) provide financial counseling to the benefic

Official Summary

Securing America's Veterans Insurance Needs and Goals Act of 2010 or SAVINGS Act of 2010 - Requires a life insurance company, in order to provide life insurance for veterans under the Servicemembers' Group Life Insurance program, to:
(1) provide financial counseling to the beneficiary or other person entitled to payment upon the establishment of a valid claim; and
(2) include full disclosure with respect to such payment, including specified information with respect to interest payable and the various methods of receiving payment(s). Prohibits a company from charging fees to a payee for maintaining such payment with the company. Directs the Secretary of Veterans Affairs (VA) to include in each annual performance and accountability report submitted to Congress information concerning individuals receiving the counseling and disclosures required under this Act. Requires:
(1) the Director of the VA's Office of Survivor Assistance to attend each meeting of the Advisory Council on Servicemembers' Group Life Insurance; and
(2) the Secretary to ensure that such Office has the necessary personnel to provide information on the receipt of such counseling.

...Read the Rest




Vote on This Bill

100% Users Support Bill

1 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC