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<PRE>[DOCID: f:s1114is.txt]






107th CONGRESS
  1st Session
                                S. 1114

   To amend title 38, United States Code, to increase the amount of 
    educational benefits for veterans under the Montgomery GI Bill.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 27, 2001

  Mr. Specter introduced the following bill; which was read twice and 
             referred to the Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
   To amend title 38, United States Code, to increase the amount of 
    educational benefits for veterans under the Montgomery GI Bill.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN RATES OF BASIC EDUCATIONAL ASSISTANCE UNDER 
              MONTGOMERY GI BILL.

    (a) In General.--(1) Section 3015(a)(1) of title 38, United States 
Code, is amended to read as follows:
            ``(1) for an approved program of education pursued on a 
        full-time basis, at the monthly rate of--
                    ``(A) for months occurring during fiscal year 2002, 
                $800,
                    ``(B) for months occurring during fiscal year 2003, 
                $950,
                    ``(C) for months occurring during fiscal year 2004, 
                $1,100, and
                    ``(D) for months occurring during a subsequent 
                fiscal year, the amount for months occurring during the 
                previous fiscal year increased under subsection (h); 
                or''.
    (2) Section 3015(b)(1) of such title is amended to read as follows:
            ``(1) for an approved program of education pursued on a 
        full-time basis, at the monthly rate of--
                    ``(A) for months occurring during fiscal year 2002, 
                $650,
                    ``(B) for months occurring during fiscal year 2003, 
                $772,
                    ``(C) for months occurring during fiscal year 2004, 
                $894, and
                    ``(D) for months occurring during a subsequent 
                fiscal year, the amount for months occurring during the 
                previous fiscal year increased under subsection (h); 
                or''.
    (b) CPI Adjustment.--No adjustment in rates of educational 
assistance shall be made under section 3015(h) of title 38, United 
States Code, for fiscal years 2002, 2003, and 2004.
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