[Congressional Record Volume 170, Number 114 (Wednesday, July 10, 2024)]
[Senate]
[Page S4500]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2216. Mr. CARDIN (for himself, Mr. Boozman, Ms. Rosen, Mr. Cruz, 
Mr. Peters, Mr. Scott of Florida, Mr. Merkley, and Mr. Wyden) submitted 
an amendment intended to be proposed by him to the bill S. 4638, to 
authorize appropriations for fiscal year 2025 for military activities 
of the Department of Defense, for military construction, and for 
defense activities of the Department of Energy, to prescribe military 
personnel strengths for such fiscal year, and for other purposes; which 
was ordered to lie on the table; as follows:

       At the end of subtitle H of title X, add the following:

     SEC. 1095. FHA INFORMED CONSUMER CHOICE DISCLOSURE.

       (a) Inclusion of Information Relating to VA Loans.--Section 
     203(f)(2)(A) of the National Housing Act (12 U.S.C. 
     1709(f)(2)(A)) is amended--
       (1) by inserting ``(i)'' after ``loan-to-value ratio''; and
       (2) by inserting before the semicolon the following: ``, 
     and (ii) in connection with a loan guaranteed or insured 
     under chapter 37 of title 38, United States Code, assuming 
     prevailing interest rates''.
       (b) Rule of Construction.--Nothing in the amendments made 
     by subsection (a) shall be construed to require an original 
     lender to determine whether a prospective borrower is 
     eligible for any loan included in the notice required under 
     section 203(f) of the National Housing Act (12 U.S.C. 
     1709(f)).
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