PlainBillCongress, translated.Legislation. Context. Public interest.Placed on Senate Legislative Calendar under General Orders. Calendar No. 292.
Congressional Research Service
Version 00 · Introduced in Senate · Jul 7, 1997
Veterans' Housing Loan Improvements Act of 1997 - Amends Federal veterans' benefits provisions to provide a table of fees, expressed in terms of a percentage of the total loan, to be charged to active-duty veterans, reservists, and other veterans for housing loans made, guaranteed, or insured by the Department of Veterans Affairs. Repeals Federal provisions which: (1) limit to loans closed before October 1, 1998, certain loan default procedures; (2) prohibit the Secretary of Veterans Affairs from guaranteeing the payment of principal and interest on certificates or other securities representing an interest in veterans' mortgage loans if such certificates are issued or approved after December 31, 1997; (3) prohibit the withholding of payments and benefits to veterans or their spouses due to liability for mortgage loans made to such veterans; and (4) provide for a veterans' direct loan revolving fund, a loan guaranty revolving fund, and a guaranty and indemnity fund. Establishes in the Treasury the Veterans Housing Benefit Program Fund for use in all veterans' housing loan operations. Extends through FY 1999 the Native American Veteran housing loan pilot program.
People & committees
Sen. Specter, Arlen [R-PA] · R–PA
Legislative record
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 292.
Committee on Veterans Affairs. Reported to Senate by Senator Specter with an amendment in the nature of a substitute and an amendment to the title. With written report No. 105-153.
Committee on Veterans Affairs. Reported to Senate by Senator Specter with an amendment in the nature of a substitute and an amendment to the title. With written report No. 105-153.
Committee on Veterans Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Veterans Affairs. Hearings held.
Read twice and referred to the Committee on Veterans Affairs.
Sponsor introductory remarks on measure. (CR S6908-6910)
Introduced in Senate
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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