H.R. 5965: Student Veteran Work Study Modernization Act

The bill, known as the Student Veteran Work Study Modernization Act, aims to create a pilot program to expand eligibility for a work-study allowance provided by the Secretary of Veterans Affairs. This work-study allowance currently assists veterans who are enrolled in education or training programs. Here is a breakdown of what the bill would do:

1. Pilot Program Implementation

The Secretary of Veterans Affairs would establish a pilot program to broaden the eligibility for the work-study allowance. Under this program, individuals enrolled in rehabilitation, education, or training programs at a rate of at least half-time would be eligible for financial support. This is different from current regulations, which typically require participants to be enrolled at least three-quarters of the time.

2. Application of Existing Regulations

The pilot program would operate under the same provisions that govern the current work-study allowance program. This means that the eligibility criteria and benefits would similarly apply to those in the expanded program, aside from the specific enrollment duration requirement mentioned above.

3. Duration of the Pilot Program

The proposed pilot program would last for five years from the date it begins. This timeline allows for the assessment of its effectiveness in providing financial support to qualifying veterans.

4. Annual Reporting Requirements

The Secretary of Veterans Affairs would be required to submit an annual report to the Senate and House Committees on Veterans’ Affairs within 180 days of the bill's enactment. This report would include:

• The total number of veterans participating in the work-study program.
• The percentage of these veterans who achieve a four-year degree.
• The number of veterans obtaining full-time employment at the Department of Veterans Affairs.

5. Budgetary Considerations

The bill outlines that its budgetary effects will need to be assessed according to the provisions of the Statutory Pay-As-You-Go Act of 2010. The budgetary effects will be determined using the latest statement regarding the budgetary effects of PAYGO legislation for this Act prior to any vote on its passage.

Relevant Companies

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