This bill amends section 1002 of the American Recovery and Reinvestment Act of 2009 to wind down the Filipino Veterans Equity Compensation Fund. It replaces the phrase "until expended" with a date and adds a new subsection (m). The new subsection sets a sunset: on January 1, 2027 this section will cease to have any effect, and any amounts remaining in the compensation fund will be deposited into the general fund of the Treasury.
If you are a Filipino veteran, beneficiary, or representative, the bill would end the dedicated compensation fund and move any remaining funds to the Treasury on January 1, 2027. The bill text does not say how pending payments, existing claims, or new applications would be handled after that date. No publicly available information on other direct effects beyond the text.
The bill text does not include cost estimates or budgetary detail. It directs that amounts remaining in the compensation fund be deposited into the Treasury's general fund on January 1, 2027. No publicly available information on estimated savings or fiscal impact beyond that instruction.
No publicly available information on proponents' statements or legislative findings is included in the bill text or provided metadata. The bill text itself states the action: to wind down the Filipino Veterans Equity Compensation Fund and recredit any remaining amounts to the Treasury.
No publicly available information on opponents' statements or objections is included in the bill text or provided metadata.