Policy Impact Analysis - 117/HR/7050

Bill Overview

Title: Ernest Peltz Accrued Veterans Benefits Act

Description: This bill makes certain benefits that are payable to the surviving spouse of a deceased veteran payable to the veteran's children or dependent parents if the veteran does not have a surviving spouse.

Sponsors: Rep. Stefanik, Elise M. [R-NY-21]

Target Audience

Population: Children and dependent parents of deceased veterans without a surviving spouse

Estimated Size: 50000

Reasoning

Simulated Interviews

Teacher (Houston, TX)

Age: 38 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 20.0 years

Commonness: 7/20

Statement of Opinion:

  • This policy makes a big difference for me. After my mother passed, I struggled on my own.
  • With these benefits, I can afford better childcare and focus on my teaching career.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 4
Year 2 7 4
Year 3 8 4
Year 5 9 4
Year 10 9 3
Year 20 8 3

High School Student (Seattle, WA)

Age: 17 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 6/20

Statement of Opinion:

  • I understand these benefits could really help with my future college plans.
  • It feels like the government cares about families like mine.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 5
Year 5 8 5
Year 10 8 5
Year 20 7 5

Retired (Tucson, AZ)

Age: 65 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 0.0 years

Commonness: 8/20

Statement of Opinion:

  • I already receive some veteran benefits, so this change doesn't affect me much.
  • It's still good to hear they're supporting other families in need.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 6

College Student (Detroit, MI)

Age: 23 | Gender: female

Wellbeing Before Policy: 3

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • This policy could really help me focus on my education and caring for my siblings without constant financial stress.
  • I appreciate the support structure for families like mine.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 3
Year 2 7 3
Year 3 8 3
Year 5 8 2
Year 10 7 2
Year 20 6 2

Software Engineer (Miami, FL)

Age: 30 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 1.0 years

Commonness: 10/20

Statement of Opinion:

  • I’m financially stable, so this policy doesn’t directly impact me.
  • Supporting those in need is a positive development and preferable to unclaimed benefits.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 8 8

Mechanic (Chicago, IL)

Age: 52 | Gender: male

Wellbeing Before Policy: 4

Duration of Impact: 7.0 years

Commonness: 6/20

Statement of Opinion:

  • These benefits would give my family some much-needed financial stability, especially during unemployment.
  • The policy seems well-targeted at families who lost support.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 5 4
Year 2 6 4
Year 3 7 4
Year 5 7 4
Year 10 6 3
Year 20 5 2

Nurse (Denver, CO)

Age: 39 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 9/20

Statement of Opinion:

  • I'm not financially dependent on benefits, so this doesn't change much for me.
  • More critical for younger families who are struggling.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Student (Portland, OR)

Age: 22 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 4.0 years

Commonness: 7/20

Statement of Opinion:

  • Knowing benefits are available if I face financial issues is comforting.
  • A supportive policy for people who often slip through the cracks.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 6 5
Year 3 7 5
Year 5 7 5
Year 10 6 5
Year 20 6 5

Retired (Boston, MA)

Age: 68 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 0.0 years

Commonness: 5/20

Statement of Opinion:

  • This policy doesn't really relate to my situation as a brother.
  • However, helping dependent parents or children is a good initiative.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 6 6
Year 5 6 6
Year 10 6 6
Year 20 6 6

Veteran Affairs Counselor (Atlanta, GA)

Age: 45 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 8/20

Statement of Opinion:

  • Professionally, I see this policy as filling a gap in the current benefits system.
  • It's a fair approach to address families of veterans in genuine need.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 7 7
Year 3 7 7
Year 5 7 7
Year 10 7 7
Year 20 7 7

Cost Estimates

Year 1: $250000000 (Low: $200000000, High: $300000000)

Year 2: $255000000 (Low: $205000000, High: $305000000)

Year 3: $260500000 (Low: $210500000, High: $310500000)

Year 5: $271678750 (Low: $218478750, High: $324878750)

Year 10: $298865481 (Low: $240865481, High: $356865481)

Year 100: $860490000 (Low: $690490000, High: $1030490000)

Key Considerations