TWENTY PERCENT INCREASE IN RATES OF BASIC EDUCATIONAL ASSISTANCE UNDER MONTGOMERY GI BILL.

SEC. 8203. TWENTY PERCENT INCREASE IN RATES OF BASIC EDUCATIONAL ASSISTANCE UNDER MONTGOMERY GI BILL. (a) Active Duty Educational Assistance.— (1) Increase in rates.— Section 3015 of title 38, United States Code, is amended— (A) in subsection (a)(1), by striking “$400” and inserting “$528 (as increased from time to time under subsection(g))”; and (B) in subsection (b)(1), by striking “$325” and inserting “$429 (as increased from time to time under subsection(g))”. (2) CPI Adjustment.— Subsection (g) of such section is amended by striking “beginning on or after October 1, 1994” and all that follows through “such rates” and inserting “the Secretary shall provide a percentage increase (rounded to the nearest dollar) in the rates payable under subsections (a)(1) and (b)(1)”. (3) Technical amendments.— Such section is further amended— (A) in subsection (a), by striking “subsections (b), (c),(d), (e), (f), and (g) of” in the matter preceding paragraph(1); and (B) in subsection (b)— (i) by striking “Except as provided in subsections(c), (d), (e), (f), and (g), in” and inserting “In”; and (ii) by inserting “(except as provided in the succeeding subsections of this section)” after “under this chapter shall”. (4) Effective date.— The amendments made by this subsection shall take effect on October 1, 1998, and shall apply with respect to educational assistance allowances paid for months after September 1998. However, no adjustment in rates of educational assistance shall be made under subsection (g) of section 3015 of title 38, United States Code, as amended by paragraph (2), for fiscal year 1999. (b) Selected Reserve Educational Assistance.— (1) Increase in rates.— Paragraph (1) of section 16131(b)of title 10, United States Code, is amended— (A) in subparagraph (A), by striking “$190” and inserting “$251 (as increased from time to time under paragraph(2))”; (B) in subparagraph (B), by striking “$143” and inserting “$188 (as increased from time to time under paragraph(2))”; and 112 STAT. 494 (C) in subparagraph (C), by striking “$95” and inserting “$125 (as increased from time to time under paragraph(2))”. (2) CPI adjustment.— Paragraph (2) of such section is amended by striking “beginning on or after October 1, 1994” and all that follows through “such rates” and inserting “the Secretary shall provide a percentage increase (rounded to the nearest dollar) in the rates payable under subparagraphs (A),(B), and (C) of paragraph (1)”. (3) Technical amendment.— Paragraph (1) of such section is further amended by striking “in paragraph (2) and”. (4) Effective date.— The amendments made by this sub-section shall take effect on October 1, 1998, and shall apply with respect to educational assistance allowances paid for months after September 1998. However, no adjustment in rates of educational assistance shall be made under paragraph (2)of section 16131(b) of title 10, United States Code, as amended by paragraph (2), for fiscal year 1999.