Medal of Honor Act
Summary
This legislation aims to provide a substantial increase in the financial support provided to living Medal of Honor recipients. If enacted, the monthly special pension for these decorated veterans would rise from approximately $1,406 to $8,333. This change is intended to provide more robust financial security for those who have received the nation's highest military honor for valor.
Additionally, the bill proposes to create a dedicated monthly pension of $1,406.73 for the surviving spouses of Medal of Honor recipients. Under the proposal, both the veteran's pension and the spouse's pension would be adjusted annually to keep pace with inflation. These changes would ensure that the families of these service members receive ongoing recognition and financial assistance.