The funding for the increase would come through existing Veterans’ Affairs programs. To offset costs, the bill extends the pension limitation for veterans without spouses or dependents from 2031 to 2033. Currently, there are 60 living Medal of Honor recipients, while approximately 3,500 individuals have received the award since its creation in 1863.
The pension program was established in 1916, starting at $10 per month, and has gradually increased over the years, reaching $1,000 annually in 2002. The bill comes as the National Medal of Honor Museum is set to open in Arlington, Texas, next month, honoring the stories of recipients and their extraordinary acts of bravery.
Among veterans receiving public attention is Maj. James Capers, a Black Vietnam War veteran recognized for saving seven fellow Marines during an ambush in 1967. Capers sustained severe injuries in the firefight, including a shattered leg and multiple gunshot wounds, yet continued to lead his unit and ensure the safety of his comrades.
House Speaker Mike Johnson praised the passage of the bill, highlighting it as an example of supporting veterans and honoring those who have demonstrated exceptional service.
The bill now moves to the Senate for consideration. If passed, it would represent the largest increase in Medal of Honor pensions in decades, ensuring recipients receive greater financial support for their service and sacrifices.