Sponsor
Keith Self
Representative · R-TX
Representative · R-TX
The bill eliminates a dedicated veterans compensation fund and moves remaining balances into the Treasury—freeing federal resources but risking loss of earmarked benefits and unpaid or delayed claims for Filipino veterans.
Taxpayers and other federal programs: Remaining balances in the fund will be transferred to the Treasury general fund, making those dollars available for other federal priorities.
Veterans programs administration: The scheduled end of the fund clarifies federal budget treatment and removes a long-running administrative uncertainty about the fund's status.
Filipino veterans and claimants: Unspent compensation funds could become inaccessible after the fund ends, and funds earmarked for their compensation will be redirected to the Treasury rather than kept for those beneficiaries.
Veterans with pending claims: Claims not processed before the fund sunsets risk going unpaid or delayed, potentially leaving eligible veterans without timely compensation.
Based on analysis of 2 sections of legislative text.
Changes an open-ended funding termination for the Filipino Veterans Equity Compensation Fund to a fixed sunset of Jan 1, 2027, and transfers remaining balances to the Treasury.
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
Amends a 2009 law to end open-ended funding for the Filipino Veterans Equity Compensation Fund and sets a firm cutoff date: the authority will expire January 1, 2027. Any money left in that fund on that date must be transferred into the general fund of the U.S. Treasury.