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Veteran Benefit Reimbursement for Misused Funds

This act aims to protect veterans from financial fraud. If a person managing a veteran's benefits (fiduciary) misuses funds, the Department of Veterans Affairs will reimburse the affected veteran for the lost amount. The Department will also seek to recover these funds from the dishonest fiduciary.
Key points
Veterans whose benefits were misused by a fiduciary will be reimbursed by the Department of Veterans Affairs.
The Department of Veterans Affairs will actively seek to recover reimbursed funds from dishonest fiduciaries.
Reimbursement will occur regardless of whether the Department of Veterans Affairs was negligent in overseeing the fiduciary.
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Status:
Introduced
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Additional Information
Print number: 119_S_892
Sponsor: Sen. Hirono, Mazie K. [D-HI]
Process start date: 2025-03-06