Sponsor
Keith Self
Representative · R-TX
Representative · R-TX
The bill ends a veterans compensation fund to clarify budget treatment and free leftover money for the general fund, but it risks reducing or eliminating earmarked funds and could leave Filipino veterans and pending claimants without access to compensation.
Taxpayers and federal programs: Remaining balances in the veterans compensation fund will be transferred to the Treasury general fund when the fund ends, making that money available for other federal priorities.
Veterans and administrators: Terminating the fund by 1/1/2027 clarifies federal budget treatment and ends a long-running administrative uncertainty about the fund's status.
Filipino veterans and claimants: May lose access to any unspent compensation funds held in the fund after the 1/1/2027 sunset.
Veterans with pending claims: Claims still in process at the time of the sunset risk going unpaid or being delayed if processing and transfers aren't completed before the fund ends.
Filipino veterans: Redirecting residual balances to the Treasury reduces earmarked resources specifically intended for Filipino veterans' compensation, decreasing dedicated funding available for their benefits.
Based on analysis of 2 sections of legislative text.
Replaces 'until expended' with a January 1, 2027 sunset for the Filipino Veterans Equity Compensation Fund and directs any remaining balances to the Treasury general fund.
Official title: To amend the American Recovery and Reinvestment Act of 2009 to wind down the Filipino Veterans Equity Compensation Fund.
Introduced May 12, 2026 by Keith Self · Last progress May 12, 2026
Replaces an open-ended funding termination for the Filipino Veterans Equity Compensation Fund with a fixed sunset date of January 1, 2027. Any money left in the fund on that date would be transferred into the general fund of the U.S. Treasury. The change narrows the prior "until expended" authority to a definite end date and directs disposition of residual balances; there are no new spending authorizations or program expansions in the bill.