[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1626 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1626

  To amend title 38, United States Code, to revise the veterans' home 
                             loan program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             November 4 (legislative day, November 2), 1993

Mr. Rockefeller (for himself, Mr. DeConcini, Mr. Graham, Mr. Akaka, Mr. 
 Daschle,  and Mr. Campbell) 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 revise the veterans' home 
                             loan program.

    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 ``Veterans' Home Loan Improvement Act 
of 1993''.

SEC. 2. REVISION IN COMPUTATION OF AGGREGATE GUARANTY.

    Section 3702(b) of title 38, United States Code, is amended--
            (1) by striking out paragraph (1) and inserting in lieu 
        thereof the following new paragraph (1):
            ``(1) the loan has been repaid in full, or the Secretary 
        has been released from liability as to the loan, or if the 
        Secretary has suffered a loss on the loan, the loss has been 
        paid in full; or'';
            (2) in paragraph (2), by striking out ``; or'' and 
        inserting in lieu thereof a period; and
            (3) by striking out paragraph (3) and all that follows 
        through the end of the subsection.

SEC. 3. AUTHORITY TO GUARANTEE HOME REFINANCE LOANS FOR ENERGY 
              EFFICIENCY IMPROVEMENTS.

    (a) Loans.--(1) Section 3710(a) of title 38, United States Code, is 
amended by adding after paragraph (10) the following:
            ``(11) To refinance in accordance with subsection (e) of 
        this section an existing loan guaranteed, insured, or made 
        under this chapter, and to improve the dwelling securing such 
        loan through energy efficiency improvements, as provided in 
        subsection (d) of this section.''.
    (2) Section 3710(e)(1) of such title is amended by inserting ``or 
subsection (a)(11)'' after ``subsection (a)(8)''.
    (b) Fee.--Section 3729(a)(2)(E) of such title is amended by 
inserting ``3710(a)(11),'' after ``3710(a)(9)(B)(i),''.

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