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Compensation Fund Recrediting Act
To amend the American Recovery and Reinvestment Act of 2009 to wind down the Filipino Veterans Equity Compensation Fund.
Summary
- The bill would establish a sunset date of January 1, 2027 for the Filipino Veterans Equity Compensation Fund authorized under the American Recovery and Reinvestment Act of 2009.
- The bill would end the fund's operations on January 1, 2027.
- Any remaining amounts in the Filipino Veterans Equity Compensation Fund would be transferred to the general fund of the Treasury.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Self, Keith [R-TX-3] (R-TX)
Actions (4)
- Jun 25, 2026 Subcommittee Hearings Held · house
- Jun 22, 2026 Referred to the Subcommittee on Disability Assistance and Memorial Affairs. · house
- May 12, 2026 Referred to the House Committee on Veterans' Affairs. · house
- May 12, 2026 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
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Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
May 12, 2026
Mr. Self introduced the following bill; which was referred to the Committee on Veterans’ Affairs
A BILL
To amend the American Recovery and Reinvestment Act of 2009 to wind down the Filipino Veterans Equity Compensation Fund.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Compensation Fund Recrediting Act”.
SEC. 2. SUNSET OF THE FILIPINO VETERANS EQUITY COMPENSATION FUND.
Section 1002 of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5; 38 U.S.C. 107 note) is amended—
(1) in subsection (l), by striking “until expended” and inserting “until the date specified in subsection (m)”; and
(2) by adding at the end the following new subsection:
“(m) Sunset.—On January 1, 2027—
“(1) this section shall cease to have any effect; and
“(2) any amounts in the compensation fund shall be deposited into the general fund of the Treasury.”. <all>
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