[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3299 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3299

  To amend title 38, United States Code, to extend the demonstration 
 project on adjustable rate mortgages and the demonstration project on 
                   hybrid adjustable rate mortgages.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 22, 2008

 Mr. Ensign (for himself and Mr. Brown) 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 extend the demonstration 
 project on adjustable rate mortgages and the demonstration project on 
                   hybrid adjustable rate mortgages.

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

SECTION 1. EXTENSION OF DEMONSTRATION PROJECT ON ADJUSTABLE RATE 
              MORTGAGES.

    Section 3707(a) of title 38, United States Code, is amended by 
striking ``2008'' and inserting ``2018''.

SEC. 2. EXTENSION OF DEMONSTRATION PROJECT ON HYBRID ADJUSTABLE RATE 
              MORTGAGES.

    Section 3707A(a) of title 38, United States Code, is amended by 
striking ``2008'' and inserting ``2012''.
                                 <all>