[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1007 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1007

 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

                             March 11, 1997

  Mr. Fox of Pennsylvania (for himself, Mr. Norwood, Mr. McHale, Mr. 
 Saxton, Mr. Holden, Mr. Watts of Oklahoma, Mrs. Kelly, Mr. Hayworth, 
   Mr. McHugh, Mr. Tiahrt, Mr. Bereuter, Mr. Fattah, Mr. English of 
  Pennsylvania, Mr. Whitfield, Mr. Davis of Virginia, Mr. Coburn, Mr. 
 Peterson of Pennsylvania, Mr. Faleomavaega, Mr. Calvert, Mr. Pickett, 
  Mr. Filner, and Mr. Deal of Georgia) 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 chapter''.
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