PUBLIC LAW 107-94 – DEC. 21, 2001
Veterans Compensation Rate
Amendments of 2001
Prime Sponsor: Mr. Christopher H. Smith (NJ)
H.R. 2540 – Signed by President Bush on December 21, 2001
One Hundred Seventh Congress
United States of America
AT THE FIRST SESSION
Veterans' Compensation Rate Amendments of 2001
Increases, as of December 1, 2001, the rates of veterans' disability compensation, additional compensation for dependents, the clothing allowance for certain disabled adult children, and dependency and indemnity compensation for surviving spouses and for children.
Invests $2.5 billion over the next five years to increase the compensation rate for disabled veterans. Nationwide, 2.3 million veterans or their surviving spouses will receive higher benefit payments because of Smith’s law, which recognizes the rising costs of living.
Text of the Veterans Compensation Rate Amendments of 2001 (P.L. 107-94) [.pdf]