Description: TO PASS H.R. 8949, A BILL TO AMEND TITLE 38 OF THE U.S. CODE RELATING TO BASIC PROVISIONS OF THE LOAN GUARANTY PROGRAM
Bill summary: (LATEST SUMMARY)
Provides that interest rates under the loan guaranty program for veterans may exceed the interest rates specified under the National Housing Act.
Authorizes the Administrator of Veterans' Affairs independently to adjust the rate of interest on guaranteed loans after consultation with the Secretary of Housing and Urban Development.
Requires the Administrator, to the maximum extent practicable, to carry out a coordinated policy with the Secretary regarding interest rates on
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Bill titles: A bill to amend title 38 of the United States Code relating to basic provisions of the loan guaranty program for veterans.
Original source documents: Digest of the Congressional Record vol. 119-112, p. H6176;
Links for more info on the vote: congress.gov