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H.R. 5993: Securing America's Veterans Insurance Needs and Goals Act of 2010

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H.R. 5993: Securing America's Veterans Insurance Needs and Goals Act of 2010

111th Congress · introduced 2010-07-30 · Armed Forces and National Security · Latest: Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2010-07-30 · official record
  2. Who proposed it: Rep. Halvorson, Deborah L. [D-IL-11] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 552 (2010): On Motion to Suspend the Rules and Pass, as Amended, HR5993 (2010-09-29), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Securing America's Veterans Insurance Needs and Goals Act of 2010

Plain 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.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Securing America's Veterans Insurance Needs and Goals Act of 2010

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Halvorson, Deborah L. [D-IL-11] · 8 cosponsors

Cost estimate: CBO cost estimate: H.R. 5993, Securing America's Veterans Insurance Needs and Goals Act of 2010 (2010-09-28); CBO cost estimate: H.R. 5993, Securing America's Veterans Insurance Needs and Goals Act of 2010 (2010-09-28)

Cosponsors on this site

Chellie Pingree (D-ME), Dina Titus (D-NV), John Garamendi (D-CA)

Recorded votes

Sources

Record fed-us-cong111-hr5993 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111