Expanding Home Loans for Guard and Reservists Act

Bill: 117-s-5200
Sponsor: full_name: Sen. Shaheen, Jeanne [D-NH]
Introduced: 2022-12-07
Policy area: Armed Forces and National Security
Latest action: action_date: 2022-12-07
text: Read twice and referred to the Committee on Veterans' Affairs.

Summaries:
action_date: 2022-12-07
action_desc: Introduced in Senate
text: <p><strong>Expanding Home Loans for Guard and Reservists Act</strong></p> <p>This bill revises a provision that makes full-time National Guard members who serve for a specified period eligible for home loans from the Department of Veterans Affairs to instead make any individual who performed active service for the specified period eligible for the loans.</p>

tv_txt: II 117th CONGRESS 2d Session S. 5200 IN THE SENATE OF THE UNITED STATES December 7, 2022 Mrs. Shaheen 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 of members of the National Guard for housing loans guaranteed by the Secretary of Veterans Affairs.

1. Short title This Act may be cited as the Expanding Home Loans for Guard and Reservists Act . 2. Expansion of eligibility of members of the National Guard for housing loans guaranteed by the Secretary of Veterans Affairs Section 3701(b)(7) of title 38, United States Code, is amended by striking full-time National Guard duty and inserting active service . 3. Determination of budgetary effects The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, provided that such statement has been submitted prior to the vote on passage.