GovTrack’s Bill Summary
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S. 3270 (112th): A bill to amend title 38, United States Code, to require the Secretary of Veterans Affairs to consider the resources of individuals applying for pension that were recently disposed of by the individuals for less than fair market value when determining the eligibility of such individuals for such pension, and for other purposes.
- Introduced:
- Jun 06, 2012 (112th Congress, 2011–2013)
- Sponsor:
- Sen. Ron Wyden [D-OR]
- Status:
- Died (Referred to Committee)
The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.
- Summary
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No summaries available.
- Text
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Last updated Jun 06, 2012.
19 pages
- Primary Source
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View on THOMAS (The Library of Congress)
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- Citation
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Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
6/6/2012--Introduced.
Provides that if a veteran eligible for a pension for service or for a non-service-connected disability, or the spouse of such veteran, disposes of a resource that was part of such veteran's estate for less than its fair market value within three years before applying for such pension, then the Secretary of Veterans Affairs (VA) shall deny or discontinue the pension payment for months beginning on the date of such disposition and ending when the uncompensated value of such resource is reached.
Provides the same denial or discontinuance in the case of a veteran eligible for an increased pension payment on account of a child, unless the Secretary determines that such denial or discontinuance would work an undue hardship.
Applies the same denial or discontinuance, with the same undue hardship exception, in the case of:
(1) a veteran's surviving spouse who disposes of a covered resource for less than fair market value within such period, and
(2) an increased pension for such spouse on account of a child.
Requires the Secretary, at the time a veteran, surviving spouse, or child applies for such a pension, to:
(1) inform the individual of such requirements, and
(2) obtain information to determine whether a period of ineligibility for such payments will be required.
Requires annual reports from the Secretary, through 2023, on the administration of this Act.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
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The bill contains the following citations to other parts of U.S. law:
United States Code
The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)
- Title 38: VETERANS’ BENEFITS
- Part II: GENERAL BENEFITS
- Chapter 15: PENSION FOR NON-SERVICE-CONNECTED DISABILITY OR DEATH OR FOR SERVICE
- Subchapter II: VETERANS’ PENSIONS
- Heading: Non-Service-Connected Disability Pension
- Section 1522: Net worth limitation