[Congressional Record Volume 156, Number 133 (Wednesday, September 29, 2010)]
[Extensions of Remarks]
[Page E1822]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   SECURING AMERICA'S VETERANS INSURANCE NEEDS AND GOALS ACT OF 2010

                                 ______
                                 

                               speech of

                       HON. DEBORAH L. HALVORSON

                              of illinois

                    in the house of representatives

                      Tuesday, September 28, 2010

  Mrs. HALVORSON. Mr. Speaker, the intent of H.R. 5993, the Securing 
America's Veterans Insurance Needs and Goals (SAVINGs) Act is to 
increase transparency and disclosure of the Servicemembers Group Life 
Insurance (SGLI) program. The intent is to increase financial 
counseling for beneficiaries and to allow Congress to play a better 
role in providing oversight and access of the program.
  It is not the intent of H.R. 5993 to have Congress weigh in on the 
legal question of whether or not the Department of Veterans Affairs has 
the authority to allow `retained asset accounts'. The language in H.R. 
5993 is not intended to validate in any manner whether 'retained asset 
accounts' are authorized in section 1970(d) of title 38, United States 
Code.

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