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Bill > HR8875


US HR8875

US HR8875
Expanding Home Loans for Guard and Reservists Act


summary

Introduced
09/19/2022
In Committee
09/21/2022
Crossed Over
10/11/2022
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

AN ACT To amend title 38, United States Code, to expand eligibility of members of the National Guard for housing loans guaranteed by the Secretary of Veterans Affairs.

AI Summary

This bill, known as the Expanding Home Loans for Guard and Reservists Act, aims to expand the eligibility of members of the National Guard for housing loans guaranteed by the Secretary of Veterans Affairs. Specifically, it proposes to amend Section 3701(b)(7) of Title 38 of the United States Code by replacing the term "full-time National Guard duty" with "active service." This change would broaden the eligibility criteria for National Guard members to access these VA-guaranteed home loans. The bill also includes a provision related to the determination of its budgetary effects, ensuring compliance with the Statutory Pay-As-You-Go Act of 2010.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (2)

Last Action

Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs. (on 10/11/2022)

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