S 3499 · 111th Congress · Armed Forces and National Security

Fiduciary Benefits Oversight Act of 2010

Introduced 2010-06-16· Sponsored by Sen. Akaka, Daniel K. [D-HI]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S4994)(2010-06-16)

Plain Language Summary

[AI summary unavailable — showing source text] Fiduciary Benefits Oversight Act of 2010 - Authorizes the Secretary of Veterans Affairs (VA) to require any person appointed or recognized as a fiduciary for a VA beneficiary to provide authorization for the Secretary to obtain from any financial institution any financial record with respect to the fiduciary or the beneficiary when necessary: (1) for the administration of a VA program; or (2) in order to safeguard the beneficiary's benefits against neglect, misappropriation, misuse, embezzlement, or fraud. Provides a conditional time limit on such authorization. Provides that if the fiduciary refuses to provide such authorization, the Secretary may revoke the fiduciary's appointment or recognition.…

Summarized by Claude AI · Non-partisan · For informational purposes only