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WashingtonWatch.com Digest – October 27, 2008

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On the WashingtonWatch.com Blog

Just two weeks after the passage of the bailout bill, and one day after a Treasury Department official declared, “we are committed to transparency and oversight in all aspects of the program,” the Treasury Department began covering up the amount it would pay to New York Mellon Bank for acting as a financial agent in the bailout. Read about it on the WashingtonWatch.com blog.

Featured Items

Congress has adjourned until January, but leaders may call the membership back to take care of unfinished business later this year. While the lawmaking takes a break, a couple of bills relating to veterans are worth taking a look at.

In late September, the Veterans’ Compensation Cost-of-Living Adjustment Act became law. It increases veterans’ disability compensation and their survivors’ dependency and indemnity compensation by the same cost-of-living adjustment payable to Social Security recipients. This new veterans benefits law costs just under $375 per U.S. family.

Another veterans bill, subject of a new cost estimate last week, is H.R. 1222, the Keep Our Promise to America’s Military Retirees Act.

The bill would would allow military retirees, their dependents, and survivors to enroll in the Federal Employees Health Benefits program, giving up their eligibility to use their military health insurance (TRICARE). Total cost to the average U.S. family would be a bit over $70. It’s unclear if H.R. 1222 will pass, but it’s interesting to watch how veterans’ benefits are on the march.

P.L. 110-324
The Veterans’ Compensation Cost-of-Living Adjustment Act of 2008
Costs $373.90 per family

H.R. 1222
The Keep Our Promise to America’s Military Retirees Act
Costs $72.47 per family

What People Think

Click here to vote on The Veterans' Compensation Cost-of-Living Adjustment Act of 2008. Click here to vote on The Veterans' Compensation Cost-of-Living Adjustment Act of 2008.

The Veterans’ Compensation Cost-of-Living Adjustment Act of 2008
52% For, 48% Against

Vote on this Bill

Click here to vote on The Keep Our Promise to America's Military Retirees Act. Click here to vote on The Keep Our Promise to America's Military Retirees Act.

The Keep Our Promise to America’s Military Retirees Act
84% For, 16% Against

Vote on this Bill

Displayed below are new, updated, and passed items with their cost or savings per family.

New Items

H.R. 6707
The Taking Responsible Action for Community Safety Act
Costs $0.32 per family

H.R. 1222
The Keep Our Promise to America’s Military Retirees Act
Costs $72.47 per family

H.R. 6853
The Nationwide Mortgage Fraud Task Force Act of 2008
Costs $0.00 per family

S. 1756
The Republic of the Marshall Islands Supplemental Nuclear Compensation Act of 2007
Costs $0.45 per family

S. 2052
The Equal Justice for United States Military Personnel Act of 2007
Costs $0.16 per family

S. 3189
The Endangered Fish Recovery Programs Improvement Act of 2008
Costs $0.33 per family

S. 1080
The Crow Tribe Land Restoration Act
Costs $0.29 per family

Updated Items

P.L. 110-324
The Veterans’ Compensation Cost-of-Living Adjustment Act of 2008
Costs $373.90 per family

Passed Items

P.L. 110-437
The Capitol Visitor Center Act of 2008
Costs $1.49 per family

P.L. 110-438
The National Guard and Reservists Debt Relief Act of 2008
Costs $0.00 per family

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