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.

Bill: 116-s-4176
Sponsor: full_name: Sen. Tillis, Thomas [R-NC]
Introduced: 2020-07-02
Policy area: Armed Forces and National Security
Subjects: Government lending and loan guarantees

Housing finance and home ownership

Veterans' loans, housing, homeless programs
Latest action: action_date: 2020-07-02
text: Read twice and referred to the Committee on Veterans' Affairs.

Summaries:
action_date: 2020-07-02
action_desc: Introduced in Senate
text: <p>This bill expands eligibility to certain veterans for Department of Veterans Affairs (VA) housing loan benefits, including the VA loan guaranty program. Specifically, the bill expands who is eligible for VA housing loan benefits by revising the definition of <i>veteran </i>to include an individual who performed service on active duty or full-time National Guard duty for a period of not less than 90 cumulative days (that includes 30 consecutive days). </p>

tv_txt: II 116th CONGRESS 2d Session S. 4176 IN THE SENATE OF THE UNITED STATES July 2, 2020 Mr. McConnell for ( Mr. Tillis (for himself, Mr. Tester , and Mr. Moran )) introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs 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. Eligibility of certain members of the reserve components of the Armed Forces for home loans from the Secretary of Veterans Affairs (a) Expansion of definition of veteran for purposes of home loans Section 3701(b) of title 38, United States Code, is amended by adding at the end the following new paragraph: (7) The term veteran also includes, for purposes of home loans, an individual who performed active service (as that term is defined in section 101 of title 10) for a period— (A) of not less than 90 cumulative days; and (B) that includes 30 consecutive days. . (b) Expansion of eligibility Section 3702(a)(2) of such title is amended by adding at the end the following new subparagraph: (G) Each individual described in section 3701(b)(7) of this title. .