Policy Impact Analysis - 117/S/3994

Bill Overview

Title: Restoring Benefits to Defrauded Veterans Act of 2022

Description: of 2022 This bill requires the Department of Veterans Affairs (VA) to pay certain reissued benefits (i.e., benefits that were misused by a fiduciary) to a beneficiary's estate in situations where a beneficiary predeceases a payment. The VA must pay such benefits to an individual or entity in the following order: the estate of the beneficiary, a successor fiduciary serving the beneficiary when the beneficiary died, or the next inheritor determined by a court of competent jurisdiction.

Sponsors: Sen. Manchin, Joe, III [D-WV]

Target Audience

Population: Defrauded veterans and their estates

Estimated Size: 300000

Reasoning

Simulated Interviews

Retired Veteran (Texas)

Age: 78 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 10/20

Statement of Opinion:

  • It's about time these wrongs were made right. My late brother lost a lot due to the mishandling of benefits. This money can help settle some outstanding family debts.

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

Veteran Advocate (California)

Age: 64 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 14/20

Statement of Opinion:

  • This policy is clearly needed, but I'm worried the budget won't cover all the veterans who need this.

Wellbeing Over Time (With vs Without Policy)

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

Retired, not directly impacted (Florida)

Age: 82 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 0.0 years

Commonness: 16/20

Statement of Opinion:

  • I didn't personally face this issue, but I know others who could benefit. It's essential to help those families.

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

Lawyer specializing in veteran services (New York)

Age: 45 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 8/20

Statement of Opinion:

  • This legislation is a step in the right direction. Having legal backing helps my clients in seeking justice.

Wellbeing Over Time (With vs Without Policy)

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

Policy Analyst (Washington D.C.)

Age: 59 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 9/20

Statement of Opinion:

  • Evaluating the impact will take time, but initial implementation seems to return dignity to affected families.

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 7 5
Year 10 7 5
Year 20 6 5

Widow of a veteran (Pennsylvania)

Age: 70 | Gender: female

Wellbeing Before Policy: 4

Duration of Impact: 10.0 years

Commonness: 6/20

Statement of Opinion:

  • I hope this policy brings some closure. The financial gap left by my husband's fiduciary is significant.

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 3
Year 10 8 3
Year 20 7 3

Child of veteran (Illinois)

Age: 30 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • This act offers hope. I've been fighting to get justice for my dad's estate.

Wellbeing Over Time (With vs Without Policy)

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

Government Employee (Oregon)

Age: 52 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 12/20

Statement of Opinion:

  • This policy is complex to administer but crucial. It restores trust in the system for veterans.

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

Veteran, not affected by fraud (North Carolina)

Age: 62 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 0.0 years

Commonness: 15/20

Statement of Opinion:

  • I hope those affected receive the help they need. It's unfortunate some have to deal with such issues.

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

Retired, former VA worker (Virginia)

Age: 67 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 8.0 years

Commonness: 7/20

Statement of Opinion:

  • Decades of seeing veterans struggle with these issues. I'm relieved for those this helps.

Wellbeing Over Time (With vs Without Policy)

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

Cost Estimates

Year 1: $5000000 (Low: $4000000, High: $7000000)

Year 2: $4500000 (Low: $3500000, High: $5500000)

Year 3: $3000000 (Low: $2500000, High: $4000000)

Year 5: $2000000 (Low: $1500000, High: $3000000)

Year 10: $1000000 (Low: $500000, High: $2000000)

Year 100: $100000 (Low: $50000, High: $200000)

Key Considerations