[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3939 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3939

 To amend title 38, United States Code, to authorize the Secretary of 
   Veterans Affairs to offer a loan guaranteed by an adjustable rate 
                mortgage under chapter 37 of such title.


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                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 1996

 Mr. Fox of Pennsylvania (for himself, Mr. Stump, Mr. Montgomery, Mr. 
 Hayworth, Mr. Weldon of Pennsylvania, Mr. Weller, Mr. Davis, Mr. Barr 
   of Georgia, Mr. Smith of New Jersey, Mr. Barrett of Nebraska, Mr. 
Flanagan, Mr. Longley, Mr. Saxton, Mr. Shadegg, Mr. Tiahrt, Mr. Forbes, 
 Mr. Spence, Mr. English of Pennsylvania, Mr. Mascara, Mr. McHale, Mr. 
Solomon, Mr. Dornan, Mr. Watts of Oklahoma, Mr. Chambliss, Mr. Norwood, 
 Mr. Stearns, Mr. Hancock, Mr. Gutknecht, Mr. Calvert, and Mr. Riggs) 
 introduced the following bill; which was referred to the Committee on 
                           Veterans' Affairs

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                                 A BILL


 
 To amend title 38, United States Code, to authorize the Secretary of 
   Veterans Affairs to offer a loan guaranteed by an adjustable rate 
                mortgage under chapter 37 of such title.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AUTHORIZATION OF ADJUSTABLE RATE MORTGAGES.

    Section 3707(a) of title 38, United States Code, is amended by 
striking out ``The Secretary shall'' through ``loans'' and inserting in 
lieu thereof ``The Secretary may guarantee loans under this section''.
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