H.R. 8043: Vets Collections, Liquidity, and Efficiency Accountability for Reinvestment Act
The Vets Collections, Liquidity, and Efficiency Accountability for Reinvestment Act (commonly referred to as the Vets CLEAR Act) aims to enhance the efficiency of how the Department of Veterans Affairs (VA) manages the revenue it collects for its medical care services. Here are the main components of the bill:
1. Improved Revenue Collection
The bill proposes changes to how revenue is collected for the Department of Veterans Affairs Medical Care Collections Fund. Specifically, it gives the Secretary of the VA more flexibility regarding funds collected from various sources for medical services provided to veterans. This includes:
- Allowing funds recovered through administrative, legal, or judicial processes to be added to the Medical Care Collections Fund.
- Enabling deposits into the fund for costs incurred from care provided under certain sections of the law (Sections 1781 and 8111 of title 38).
2. Reporting Requirements
The bill establishes new reporting requirements to improve transparency regarding the Medical Care Collections Fund. Among the requirements:
- The Comptroller General must submit a report to Congress within 180 days after the law is enacted, and every 180 days thereafter, detailing the amounts collected and recovered.
- Each report must include how the funds were spent, categorizing the expenses related to medical care, services, and staffing.
3. Timeline for Authority
The authority for the Secretary to deposit the specified amounts into the Medical Care Collections Fund is set to expire on September 30, 2028. This time limit is intended to ensure that the practices put in place are reviewed and assessed for effectiveness within a defined period.
4. Legislative Context
This act is part of ongoing efforts to enhance the financial operations of the Department of Veterans Affairs, ensuring it can provide timely and effective medical services to veterans while being accountable for the resources collected and spent.
Relevant Companies
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Sponsors
2 bill sponsors
Actions
5 actions
| Date | Action |
|---|---|
| Apr. 15, 2026 | Forwarded by Subcommittee to Full Committee by Voice Vote. |
| Apr. 15, 2026 | Subcommittee Consideration and Mark-up Session Held |
| Mar. 25, 2026 | Referred to the Subcommittee on Oversight and Investigations. |
| Mar. 24, 2026 | Introduced in House |
| Mar. 24, 2026 | Referred to the House Committee on Veterans' Affairs. |
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