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    <number>4539</number>
    <updateDate>2023-01-11T13:15:37Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:15:37Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2007-12-13</introducedDate>
    <congress>110</congress>
    <committees>
      <item>
        <systemCode>hsvr00</systemCode>
        <name>Veterans' Affairs Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <subcommittees>
          <item>
            <systemCode>hsvr10</systemCode>
            <name>Economic Opportunity Subcommittee</name>
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                <name>Hearings by</name>
                <date>2008-04-16T13:12:35Z</date>
              </item>
              <item>
                <name>Referred to</name>
                <date>2007-12-14T15:06:48Z</date>
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            <name>Referred to</name>
            <date>2007-12-13T15:04:45Z</date>
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      <item>
        <actionDate>2008-04-16</actionDate>
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            <systemCode>hsvr10</systemCode>
            <name>Economic Opportunity Subcommittee</name>
          </item>
        </committees>
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          <name>House committee actions</name>
        </sourceSystem>
        <text>Subcommittee Hearings Held.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2007-12-14</actionDate>
        <committees>
          <item>
            <systemCode>hsvr10</systemCode>
            <name>Economic Opportunity Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Referred to the Subcommittee on Economic Opportunity.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2007-12-13</actionDate>
        <text>Referred to the House Committee on Veterans' Affairs.</text>
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        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <systemCode>hsvr00</systemCode>
            <name>Veterans' Affairs Committee</name>
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        <actionDate>2007-12-13</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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        <actionDate>2007-12-13</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>B001203</bioguideId>
        <fullName>Rep. Buyer, Steve [R-IN-4]</fullName>
        <firstName>STEPHEN</firstName>
        <lastName>BUYER</lastName>
        <party>R</party>
        <state>IN</state>
        <middleName>E.</middleName>
        <district>4</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>M001149</bioguideId>
        <fullName>Rep. Michaud, Michael H. [D-ME-2]</fullName>
        <firstName>Michael</firstName>
        <lastName>Michaud</lastName>
        <party>D</party>
        <state>ME</state>
        <middleName>H.</middleName>
        <district>2</district>
        <sponsorshipDate>2007-12-13</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Armed Forces and National Security</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative fees</name>
        </item>
        <item>
          <name>Affordable housing</name>
        </item>
        <item>
          <name>Economics and Public Finance</name>
        </item>
        <item>
          <name>Federally-guaranteed loans</name>
        </item>
        <item>
          <name>Government lending</name>
        </item>
        <item>
          <name>Government trust funds</name>
        </item>
        <item>
          <name>Home ownership</name>
        </item>
        <item>
          <name>Housing and Community Development</name>
        </item>
        <item>
          <name>Housing finance</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Mortgages</name>
        </item>
        <item>
          <name>Settlement costs</name>
        </item>
        <item>
          <name>Single family housing</name>
        </item>
        <item>
          <name>Veterans' benefits</name>
        </item>
        <item>
          <name>Veterans' loans</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Armed Forces and National Security</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2007-12-13</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-04-10T17:15:02Z</updateDate>
        <text><![CDATA[ <p>Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007 - Increases the maximum guarantee amount regarding home purchase or construction loans to certain veterans.</p> <p>Permits guaranteeing certain refinancing loans for 100% (currently, 90%) of reasonable value</p> <p>Modifies requirements regarding the fees veterans pay for the loan guarantees.</p> <p>Sets the maximum guarantee amount if the dwelling is determined by the Secretary of Veterans Affairs to be affordable housing and the veteran is the first owner-occupant.</p> <p>Allows amounts deposited in the existing Veterans Housing Benefit Program Fund that are not used for loan guarantees to be used to reduce loan closing costs.</p>]]></text>
      </summary>
    </summaries>
    <title>Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend title 38, United States Code, to make certain improvements to the housing loan benefit program of the Department of Veterans Affairs.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2007-12-13T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-110hr4539ih/xml/BILLS-110hr4539ih.xml</url>
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      </item>
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    <latestAction>
      <actionDate>2008-04-16</actionDate>
      <text>Subcommittee Hearings Held.</text>
    </latestAction>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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