A bill to expand the applicability of the increase in the automatic maximum amount of Servicemembers' Group Life Insurance scheduled to take effect on April 1, 2001, to the deaths of certain members of the uniformed services who die before that date.

Sets at $250,000 the amount of Servicemembers' Group Life Insurance payable to an active-duty or Ready Reserve member who: (1) dies in a manner covered by such insurance during the period beginning on October 1, 2000, and ending on March 30, 2001; and (2) has not made an election to be insured in an amount less than the automatic maximum amount of such insurance.