Veterans' COLA Act of 2024

This bill adjusts veterans' disability and survivor benefits to match the cost-of-living increase for Social Security beneficiaries. Effective December 1, 2024, it requires the VA to raise payments for disability compensation, dependency and indemnity compensation (for spouses and children), and clothing allowances by the same percentage as the Social Security COLA announced for that year. These adjustments directly affect veterans receiving disability compensation under 38 U.S.C. § 1114, veterans with dependents under § 1115, surviving spouses under § 1311, and children under §§ 1313-1314. The bill ensures veterans' benefits rise automatically with the Social Security COLA, without requiring new legislative action each year.