[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 815 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 815

To amend title 38, United States Code, to adjust certain limits on the 
  guaranteed amount of a home loan under the home loan program of the 
                    Department of Veterans Affairs.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 1, 2017

  Mr. Zeldin 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 adjust certain limits on the 
  guaranteed amount of a home loan under the home loan program of the 
                    Department of Veterans Affairs.

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

SECTION 1. AMOUNT OF LOAN GUARANTEED UNDER HOME LOAN PROGRAM OF 
              DEPARTMENT OF VETERANS AFFAIRS.

    (a) Adjustment of Loan Limit.--Section 3703(a)(1) of title 38, 
United States Code, is amended--
            (1) in subparagraph (A)(i)(IV)--
                    (A) by striking ``the lesser of''; and
                    (B) by striking ``or 25 percent of the loan''; and
            (2) in subparagraph (C), by striking ``Freddie Mac'' and 
        all that follows through the period and inserting ``amount of 
        the loan.''.
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to a loan guaranteed under section 3710 of title 38, 
United States Code, on or after the date that is 30 days after the date 
of the enactment of this Act.
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