Expanding Home Loans for Guard and Reservists Act

Bill: 118-s-4323
Sponsor: full_name: Sen. Shaheen, Jeanne [D-NH]
Introduced: 2024-05-14
Policy area: Armed Forces and National Security
Latest action: action_date: 2024-05-14
text: Read twice and referred to the Committee on Veterans' Affairs.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 4323 IN THE SENATE OF THE UNITED STATES May 14, 2024 Mrs. Shaheen (for herself and Mr. Cramer ) 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 a housing loan guaranteed by the Secretary of Veterans Affairs to certain individuals who performed active duty for training.

1. Short title This Act may be cited as the Expanding Home Loans for Guard and Reservists Act . 2. Expansion of eligibility for housing loans guaranteed by Secretary of Veterans Affairs (a) Eligibility expansion Section 3701(b) of title 38, United States Code, is amended by adding at the end the following new paragraph: (8) The term veteran also includes, for the purposes of home loans, an individual who, for a period of not less than 90 consecutive days, performed active duty for training— (A) described in subparagraph (A) or (E) of paragraph (22) of section 101 of this title; (B) other than basic training, as such term is used in sections 7419, 8431, and 9419 of title 10; and (C) on or after the day that is six years before the date of the enactment of the Expanding Home Loans for Guard and Reservists Act . . (b) Entitlement to housing loan Section 3702(a)(2) of such title is amended by adding at the end the following new subparagraph: (H) Each individual described in section 3701(b)(8) of this title. .