Vendee Loan Restoration Act
Rep. Christopher H. Smith (R-NJ)Legislative Activity
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Introduced in House
May 5, 2003
Sponsor introductory remarks on measure. (CR E864)
May 5, 2003
Referred to the House Committee on Veterans' Affairs.
May 5, 2003
Referred to the Subcommittee on Benefits.
May 7, 2003
Subcommittee Consideration and Mark-up Session Held.
May 7, 2003
Forwarded by Subcommittee to Full Committee by Unanimous Consent.
May 7, 2003
Provision incorporated. See H. R. 1460, Section 5.
May 15, 2003
Provision incorporated. See H. R. 2297, Section 15.
June 25, 2003
Provision incorporated. See H.R. 2297, as amended, Title IV, Section 404.
November 19, 2003
Floor Debate
1 memberWhat members said about H.R. 1949 on the floor
Floor Debate
1 memberWhat members said about H.R. 1949 on the floor
Mr. Speaker, today I am introducing H.R. 1949, the Vendee Loan Restoration Act. This legislation, which is cosponsored by my friend Lane Evans of Illinois, the Ranking Member of the Committee on…
Bill Text
Latest available legislative text
[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1949 Introduced in House (IH)]
108th CONGRESS
1st Session
H. R. 1949
To amend title 38, United States Code, to reinstate minimum
requirements with respect to the sale of vendee loans.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
May 5, 2003
Mr. Smith of New Jersey (for himself and Mr. Evans) introduced the
following bill; which was referred to the Committee on Veterans'
Affairs
_______________________________________________________________________
A BILL
To amend title 38, United States Code, to reinstate minimum
requirements with respect to the sale of vendee loans.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Vendee Loan Restoration Act''.
SEC. 2. REINSTATEMENT OF MINIMUM REQUIREMENTS FOR SALE OF VENDEE LOANS.
(a) In General.--Section 3733(a) of title 38, United States Code,
is amended--
(1) by striking paragraph (2) and redesignating paragraphs
(3), (4), (5), and (6) as paragraphs (2), (3), (4), and (5),
respectively; and
(2) in subparagraph (B)(i) of paragraph (3), as so
redesignated, by striking ``paragraph (5) of this subsection''
and inserting ``paragraph (4)''.
(b) Increase in Maximum Percentage.--Section 3733(a)(1) of such
title is amended--
(1) by striking ``65 percent'' in the first sentence and
inserting ``85 percent''; and
(2) by striking the second sentence.
(c) Stylistic Amendments.--Section 3733 of such title is amended by
striking ``paragraph (1) of this subsection'' each place it appears and
inserting ``paragraph (1)''.
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