The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending or revenues. The net changes in outlays that are subject to those procedures are shown here. Enacting H.R. 8260 would not significantly increase on-budget deficits in any of the four consecutive 10-year periods beginning in 2033.
H.R. 8260 would make changes to life insurance policies for World War I and World War II veterans. The bill would shorten the time frame in which the Department of Veterans Affairs (VA) is required to contact and pay alternative beneficiaries of such life insurance policies.
