[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 2057 Introduced in Senate (IS)]







104th CONGRESS
  2d Session
                                S. 2057

To amend title 38, United States Code, to make permanent the authority 
 of the Secretary of Veterans Affairs guarantee loans with adjustable 
                            rate mortgages.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 5, 1996

  Mr. Warner (for himself and Mr. Thurmond) 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 make permanent the authority 
 of the Secretary of Veterans Affairs guarantee loans with adjustable 
                            rate mortgages.

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

SECTION 1. PERMANENT AUTHORITY TO GUARANTEE ADJUSTABLE RATE LOANS.

    Section 3707(a) of title 38, United States Code, is amended by 
striking out ``shall carry out a demonstration project'' and all that 
follows through ``guaranteeing loans'' and insert in lieu thereof 
``shall guarantee loans''.
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