[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1342 Introduced in Senate (IS)]


104th CONGRESS
  1st Session
                                S. 1342

 To amend title 38, United States Code, to authorize the Secretary of 
  Veterans Affairs to make loans to refinance loans made to veterans 
        under the Native American Veterans Direct Loan Program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             October 19 (legislative day, October 18), 1995

Mr. Akaka (for himself, Mr. Rockefeller, Mr. Inouye, Mr. Wellstone, and 
  Mr. Simon) 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 authorize the Secretary of 
  Veterans Affairs to make loans to refinance loans made to veterans 
        under the Native American Veterans Direct Loan Program.

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

SECTION 1. DIRECT LOANS TO REFINANCE LOANS UNDER NATIVE AMERICAN 
              VETERAN HOUSING LOAN PILOT PROGRAM.

    (a) Authority.--Section 3762 of title 38, United States Code, is 
amended--
            (1) by redesignating subsection (h) as subsection (i); and
            (2) by inserting after subsection (g) the following new 
        subsection (h):
    ``(h)(1) The Secretary may make direct loans to Native American 
veterans in order to enable such veterans to refinance existing loans 
made under this section.
    ``(2)(A) The Secretary may not make a loan under this subsection 
unless the loan meets the requirements set forth in subparagraphs (A) 
through (E) of paragraph (1) of section 3710(e) of this title.
    ``(B) Paragraph (3) of such section 3710(e) shall apply to any loan 
made under this subsection, except that for the purposes of this 
subsection the reference to subsection (a)(8) of section 3710 of this 
title in such paragraph (3) shall be deemed to be a reference to this 
subsection.''.
    (b) Loan Fee.--Section 3729(a)(2)(E) of such title is amended by 
striking out ``or 3712(a)(1)(F)'' and inserting in lieu thereof 
``3712(a)(1)(F), or 3762(h)''.
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