Native American Direct Loan Improvement Act of 2023

Summary

Native American Direct Loan Improvement Act of 2023 This bill revises the Native American Direct Loan (NADL) program, which is administered by the Department of Veterans Affairs (VA). Under the NADL program, the VA makes loans directly to Native American veterans to purchase, construct, improve, or refinance their homes located on federal trust land. Specifically, the bill expands the NADL program by allowing Native American veterans to refinance other existing mortgage loans on the same property if certain conditions are met. Additionally, the bill requires the VA to conduct additional program outreach by partnering with local service providers (e.g., tribal organizations and nonprofit organizations) to conduct outreach, homebuyer education, housing counseling, and post-purchase education. The bill directs the VA to assign a sufficient number of personnel to carry out the NADL program, including construction and valuation specialists to assist with issues unique to new construction and renovations on trust land. The bill also authorizes the VA to make a loan with a 1% interest rate to a Native community development financial institution to allow the institution to relend loan amounts to qualified Native American veterans residing on federal trust land.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 31 January 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 31 January 2023

   Introduced

   Read twice and referred to the Committee on Veterans' Affairs.

   Source: IntroReferral

3. 16 February 2023

   Reported

   Committee on Veterans' Affairs. Ordered to be reported without amendment favorably.

   Source: Committee

4. 2 November 2023

   Committee

   Committee on Banking, Housing, and Urban Affairs. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 31 January 2023 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 31 January 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 31 January 2023

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 31 January 2023

  Open at official source

Sponsors

• Mike Rounds · R · Sponsor
• Sen. Tester, Jon [D-MT] · D · Sponsor
• Mark Kelly · D · Cosponsor
• Angus King · I · Cosponsor
• Dan Sullivan · R · Cosponsor
• Gary Peters · D · Cosponsor
• · ssbk00 · Standing
• · ssva00 · Standing

Related records

• related to ← Senator Elizabeth Dole 21st Century Veterans Healthcare and Benefits Improvement Act
• related to ← Senator Elizabeth Dole 21st Century Veterans Healthcare and Benefits Improvement Act