[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4616 Introduced in House (IH)]






108th CONGRESS
  2d Session
                                H. R. 4616

  To amend title 38, United States Code, to extend for four years the 
  operation of the demonstration project of the Secretary of Veterans 
     Affairs to guarantee hybrid adjustable rate mortgages for the 
             construction or purchase of homes by veterans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 18, 2004

  Mrs. Davis of California (for herself, Mr. Evans, and Mr. Michaud) 
 introduced the following bill; which was referred to the Committee on 
                           Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
  To amend title 38, United States Code, to extend for four years the 
  operation of the demonstration project of the Secretary of Veterans 
     Affairs to guarantee hybrid adjustable rate mortgages for the 
             construction or purchase of homes by veterans.

    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' Adjustable Rate Home Loan 
Extension Act of 2004''.

SEC. 2. FOUR-YEAR EXTENSION OF HYBRID ADJUSTABLE RATE MORTGAGE 
              GUARANTEE DEMONSTRATION PROGRAM.

     Subsection (a) of section 3707A of title 38, United States Code, 
is amended by striking ``during fiscal years 2004 and 2005''and 
inserting ``during fiscal years 2004 through 2009''.
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