Compensation Fund Recrediting Act

Bill Number

H.R. 8767

Origin Chamber

House

Congress

119th Congress, Session 2

Policy Area

Armed Forces and National Security

Status

Introduced

Latest Action

2026-06-25: Subcommittee Hearings Held

Last Updated

2026-06-27T08:06:08Z

AI-Generated Summary

Purpose of the Legislation This bill amends the American Recovery and Reinvestment Act of 2009 to end the Filipino Veterans Equity Compensation Fund by establishing a specific termination date and redirecting any remaining money to the U.S. Treasury.

Key Provisions Outlined

• The bill is titled the Compensation Fund Recrediting Act.
• It modifies Section 1002 of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5; 38 U.S.C. 107 note).
• The phrase "until expended" is replaced with "until the date specified in subsection (m)."
• A new subsection (m) is added, stating that on January 1, 2027:
• The entire section ceases to have effect.
• Any money left in the compensation fund is deposited into the general fund of the Treasury.

Significant Changes to Existing Law Introduced

• The original law allowed the fund to operate indefinitely.
• This bill introduces a fixed sunset date of January 1, 2027, after which the program ends and unused funds are returned to the Treasury rather than remaining available for claims.

Potential Impacts

• Government agencies: The Department of Veterans Affairs would no longer administer the fund after the sunset date; the Treasury would receive any remaining balances.
• Citizens: Eligible Filipino veterans or their survivors would have until the end of 2026 to submit claims, after which no further payments would be available from this fund.
• Fiscal effect: Remaining funds would be reallocated to the general Treasury, potentially affecting future government spending.

Main Stakeholders Affected

• Filipino veterans of World War II and their survivors who may be eligible for compensation.
• The Department of Veterans Affairs, which manages the fund.
• The U.S. Treasury, which would receive any leftover amounts.
• Congress, as the body that originally created and is now modifying the program.

Notable Legal, Constitutional, or Political Implications

• The legislation uses Congress’s authority to amend prior spending laws by imposing a time limit on an existing compensation program.
• It does not alter the underlying eligibility criteria for claims but limits the period during which the fund remains available.
• No constitutional issues are addressed in the bill text itself.

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Self, Keith [R-TX-3]

Recent Actions

• 2026-06-25: Subcommittee Hearings Held
• 2026-06-22: Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
• 2026-05-12: Referred to the House Committee on Veterans' Affairs.
• 2026-05-12: Introduced in House
• 2026-05-12: Introduced in House

Bill Versions

• Compensation Fund Recrediting Act — issued 2026-05-12 — PDF (2 pages)