H.R. 3122, as amended, would require the Department of Veterans Affairs (VA) to post notice on its website about dishonest individuals who prey on those who receive pension benefits with regular aid and attendance (A&A;), and are at risk of financial exploitation. Additionally, the bill requires the Government Accountability Office (GAO) to conduct a study and report to Congress on how to better protect vulnerable veterans from fraud and abuse.
The VA’s A&A; program provides some low-income veterans who qualify for a VA pension with a modest supplemental benefit to help pay for assisted living or in-home personal care. While the application process for these benefits is free, there have been reports of scam artists targeting and taking advantage of veterans receiving these benefits.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Mar 10, 2018.
Veterans Care Financial Protection Act of 2017
(Sec. 2) This bill requires the Department of Veterans Affairs to include on its Internet website a warning to veterans relating to dishonest, predatory, or otherwise unlawful practices targeting individuals who are eligible for increased pension on the basis of need for regular aid and attendance.
The Government Accountability Office shall:
complete a study on financial exploitation of veterans, which shall include an analysis of the types of financial exploitation facing such veterans and any gaps in efforts to address these issues and an analysis of the types of standards used by federal and state agencies intended to protect vulnerable populations from financial exploitation; and submit a preliminary report and a final report to Congress.