Medal of Honor Act

This Act may be cited as the Medal of Honor Act.
Congress finds the following:
The Medal of Honor is the highest and most prestigious military decoration of the United States.
To earn the Medal of Honor the deed of the person … must be so outstanding that it clearly distinguishes his gallantry beyond the call of duty from lesser forms of bravery.
The actions of Medal of Honor recipients inspire bravery, and the willingness to give all, in those who serve in the Armed Forces and those who will serve in the future.
Those listed on the Medal of Honor Roll exemplify the best traits of members of the Armed Forces, a long and proud lineage of those who went beyond the call of duty.
Pursuant to section 1562 of title 38, United States Code, the Secretary of Veterans Affairs shall pay monthly to each living person whose name has been entered on the Army, Navy, Air Force, and Coast Guard Medal of Honor Roll a special pension.
Recipients of the Medal of Honor have earned a substantial and historic increase to such special pension in recognition of their conspicuous gallantry, unwavering commitment, and heroic actions above and beyond the call of duty.
Section 1562 of title 38, United States Code, is amended—
in subsection (a)(1)—
by inserting (A) before The Secretary;
by striking the rate of $1,406.73 and inserting the rate described in subparagraph (B); and
by adding at the end the following new subparagraph:
The rate described in this subparagraph is equal to the amount of monthly compensation paid to a veteran without dependents under subsection (m) of section 1114 of this title, increased to the next intermediate rate under subsection (p) of such section.
in subsection (e)—
by inserting (1) before Effective;
by inserting , subject to paragraph (2), before shall; and
by adding at the end the following new paragraph (2):
The Secretary shall not, under paragraph (1), increase the amount of monthly special pension payable under subsection (a) in a year if such amount was otherwise increased during such year.
Section 5503(d)(7) of title 38, United States Code, is amended by striking November 30, 2031 and inserting January 31, 2033.