To amend title 38, United States Code, to increase the amount of educational benefits for veterans under the Montgomery GI Bill.

June 27, 2001

Mr. SPECTER introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs

To amend title 38, United States Code, to increase the amount of educational benefits for veterans under the Montgomery GI Bill.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. INCREASE IN RATES OF BASIC EDUCATIONAL ASSISTANCE UNDER MONTGOMERY GI BILL.

(a) IN GENERAL- (1) Section 3015(a)(1) of title 38, United States Code, is amended to read as follows:

`(1) for an approved program of education pursued on a full-time basis, at the monthly rate of--

`(A) for months occurring during fiscal year 2002, $800,

`(B) for months occurring during fiscal year 2003, $950,

`(C) for months occurring during fiscal year 2004, $1,100, and

`(D) for months occurring during a subsequent fiscal year, the amount for months occurring during the previous fiscal year increased under subsection (h); or'.

(2) Section 3015(b)(1) of such title is amended to read as follows:

`(1) for an approved program of education pursued on a full-time basis, at the monthly rate of--

`(A) for months occurring during fiscal year 2002, $650,

`(B) for months occurring during fiscal year 2003, $772,

`(C) for months occurring during fiscal year 2004, $894, and

`(D) for months occurring during a subsequent fiscal year, the amount for months occurring during the previous fiscal year increased under subsection (h); or'.

(b) CPI ADJUSTMENT- No adjustment in rates of educational assistance shall be made under section 3015(h) of title 38, United States Code, for fiscal years 2002, 2003, and 2004.

END