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United States · Bill · S

S. 986 (105th)

Veterans' Benefits Improvements Act of 1997

openUnited States· United States Congress· EN

Introduced

7 July 1997

Last action

10 November 1997 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 292.

Sponsors

Sen. Specter, Arlen [R-PA]

Subjects

Defence, Housing

Source updated

7 April 2025

Defence · Housing

Summary

Veterans' Housing Loan Improvements Act of 1997 - Amends Federal veterans' benefits provisions to provide a table of fees, expressed in terms of a percentage of the total loan, to be charged to active-duty veterans, reservists, and other veterans for housing loans made, guaranteed, or insured by the Department of Veterans Affairs. Repeals Federal provisions which: (1) limit to loans closed before October 1, 1998, certain loan default procedures; (2) prohibit the Secretary of Veterans Affairs from guaranteeing the payment of principal and interest on certificates or other securities representing an interest in veterans' mortgage loans if such certificates are issued or approved after December 31, 1997; (3) prohibit the withholding of payments and benefits to veterans or their spouses due to liability for mortgage loans made to such veterans; and (4) provide for a veterans' direct loan revolving fund, a loan guaranty revolving fund, and a guaranty and indemnity fund. Establishes in the Treasury the Veterans Housing Benefit Program Fund for use in all veterans' housing loan operations. Extends through FY 1999 the Native American Veteran housing loan pilot program.

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

Timeline

  1. 7 July 1997

    Introduced

    Read twice and referred to the Committee on Veterans Affairs.

    Source: IntroReferral

  2. 7 July 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S6908-6910)

    Source: IntroReferral

  3. 7 July 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 25 July 1997

    Committee

    Committee on Veterans Affairs. Hearings held.

    Source: Committee

  5. 7 October 1997

    Reported

    Committee on Veterans Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  6. 10 November 1997

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 292.

    Source: Calendars

  7. 10 November 1997

    Reported

    Committee on Veterans Affairs. Reported to Senate by Senator Specter with an amendment in the nature of a substitute and an amendment to the title. With written report No. 105-153.

    Source: Committee

  8. 10 November 1997

    Reported

    Committee on Veterans Affairs. Reported to Senate by Senator Specter with an amendment in the nature of a substitute and an amendment to the title. With written report No. 105-153.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported to Senate (text)

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Leesvertaling

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  • Reported to Senate (text)

    Reported to Senate · EN · 10 November 1997

    ViewDownloadOpen at official source

  • Reported to Senate (PDF)

    Reported to Senate · EN · 10 November 1997

    ViewDownloadOpen at official source

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  • Reported to Senate with amendment(s)

    summary · EN · 10 November 1997

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 7 July 1997

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 7 July 1997

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  • Introduced in Senate

    summary · EN · 7 July 1997

    Open at official source

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Sponsors

Related records

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Sources

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