Veterans and Survivors Benefits Adjustment Act of 1979

(Reported to Senate from the Committee on Veterans' Affairs with amendment, S. Rept. 96-260)

Veterans' and Survivors' Benefits Adjustment Act of 1979 - =Title I: Veterans' Disability Compensation Benefits= - Increases the rates of veterans' compensation for: (1) wartime disability compensation; (2) additional compensation for dependents; and (3) clothing allowances paid to certain disabled veterans.

Revises certain veteran eligibility requirements for aid-and-attendance allowances.

Authorizes the Administrator of the Veterans' Administration to adjust the rates of disability compensation for certain veterans, consistent with the increases authorized under this title.

Makes the provisions of this title effective October 1, 1979.

=Title II: Survivors' Dependency and Indemnity Compensation Benefits= - Increases the rates of veterans' dependency and indemnity compensation for: (1) a surviving spouse; (2) surviving children; and (3) supplemental children's benefits, beginning October 1, 1979.

=Title III: Modifications of Certain Veterans' Life Insurance Program Provisions= - Provides for limited expansion of the class of persons to whom a beneficiary may assign all or part of the proceeds of a National Service Life Insurance (NSLI) or U.S. Government Life Insurance policy. Authorizes the payment of dividends on Veterans' Reopened Insurance policies. Authorizes the payment of higher interest rates for amounts payable to beneficiaries under NSLI, Veterans Special Life Insurance, and U.S. Government Life Insurance policies in cases where such payments are made in equal monthly installments.

States that the provisions of this title shall take effect on the date of enactment of this Act.

=Title IV: Exemption of Veterans' Administration Home Loans from State Anti-Usury Provisions= - Exempts VA guaranteed and insured home loans from State anti-usury laws and constitutional provisions to conform to treatment of mortgages under the National Housing Act.

=Title V: Miscellaneous Provisions= - Makes technical revisions in existing provisions of law, to conform to the Veterans' Health Care Amendments of 1979.

Requires the Director of the National Institute of Occupational Safety and Health, upon request by the VA (or other Federal department, agency, or instrumentality), to request the current mailing address from the Internal Revenue Service of persons whom the VA certifies may have been exposed to occupational hazards. Stipulates that such health hazards while serving in the Armed Forces. Stipulates that such information shall be used solely for purposes of locating such persons as part of a VA program for certain medical follow-up and benefits notification relating to such possible exposure.