Late last night the United States Senate passed S. 894, the Veterans' Compensation Cost-of-Living Adjustment Act of 2011. Earlier this year, the House of Representatives passed their version of S. 894, H.R. 1407, which was authored and introduced by Congressman Jon Runyan (R-NJ).
"Since the passage of H.R. 1407, I have traveled across New Jersey's 3rd district and many veterans have asked about the status of the bill," said Rep Runyan. "And I am proud to announce that the Senate passed their version of the Veterans Compensation Cost-of-Living Adjustment Act. Our nation's veterans have made great sacrifices to ensure the safety and freedom of the citizens of the United States and it is important that their benefits are sufficient to meet their needs. This cost-of-living adjustment does not represent a large increase in spending, but shows the nation's continued support of our vets."
The Senate and House version differ only slightly but the rules of Congress require the exact legislation be passed in both houses of Congress. Without the passage of this bill, veterans would not receive a COLA.
"I have sent a letter to the Speaker of the House of Representatives," stated Congressman Runyan, "to urge him to move quickly and bring the senate version to the floor for a vote. This legislation is vital for our retired veterans and must be moved forward as quickly possibly. I believe that the Speaker understands the importance of this legislation and I look forward to working with him to ensure passage of this legislation."