Bill
Bill > S4176
US S4176
US S4176A bill to amend title 38, United States Code, to expand eligibility for home loans from the Secretary of Veterans Affairs to certain members of the reserve components of the Armed Forces, and for other purposes.
summary
Introduced
07/02/2020
07/02/2020
In Committee
07/02/2020
07/02/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A BILL To amend title 38, United States Code, to expand eligibility for home loans from the Secretary of Veterans Affairs to certain members of the reserve components of the Armed Forces, and for other purposes. 1
AI Summary
This bill aims to expand eligibility for home loans from the Department of Veterans Affairs (VA) to certain members of the reserve components of the Armed Forces. Specifically, it amends the definition of "veteran" for the purposes of VA home loans to include individuals who have performed at least 90 cumulative days of active service, including 30 consecutive days. This would make these reserve component members eligible for VA home loan benefits, which provide favorable terms and conditions compared to traditional mortgage loans.
Committee Categories
Military Affairs and Security
Sponsors (3)
Last Action
Read twice and referred to the Committee on Veterans' Affairs. (on 07/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/4176/all-info |
| BillText | https://www.congress.gov/116/bills/s4176/BILLS-116s4176is.pdf |
| Bill | https://www.congress.gov/116/bills/s4176/BILLS-116s4176is.pdf.pdf |
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