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United States · Bill · S

S. 993 (104th)

Veterans' Housing Loan Program and Montgomery GI Bill Cost-Reduction Act of 1995

openUnited States· United States Congress· EN

Introduced

29 June 1995

Last action

23 May 1996 · Committee

Status

Committee on Veterans. Hearings held.

Sponsors

Sen. Simpson, Alan K. [R-WY]

Subjects

Defence, Housing

Source updated

21 August 2025

Defence · Housing

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Summary

TABLE OF CONTENTS: Title I: Housing Loans Title II: Montgomery GI Bill Veterans' Housing Loan Program and Montgomery GI Bill Cost-Reduction Act of 1995 - Title I: Housing Loans - Repeals the requirement that an employee, department, or agency of the United States may not withhold payments to a veteran or a veteran's surviving spouse because of liabilities arising from a housing loan made to the veteran or surviving spouse. (Sec. 102) Provides that the amount of money guaranteed for a manufactured housing loan should not exceed 90 (currently, 95) percent of the purchase price of the property securing the loan. Increases the amount of the guarantee fee charged to the veteran to two (currently, one) percent of the total loan amount. (Sec. 103) Extends to loans closed before October 1, 2000, provisions for: (1) increasing the fee for a veterans housing loan by 0.75 percent of the total loan amount; (2) increasing the fee for any additional loan to three percent; and (3) default procedures. Title II: Montgomery GI Bill - Limits cost-of-living adjustments in educational assistance to 50 percent of the percentage by which the assistance would otherwise be increased under the basic educational assistance benefit programs.

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

Timeline

  1. 29 June 1995

    Introduced

    Read twice and referred to the Committee on Veterans.

    Source: IntroReferral

  2. 29 June 1995

    Introduced

    Sponsor introductory remarks on measure. (CR S9440-9441)

    Source: IntroReferral

  3. 29 June 1995

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 23 May 1996

    Committee

    Committee on Veterans. Hearings held.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 29 June 1995

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 29 June 1995

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 29 June 1995

    Open at official source

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Sponsors

Related records

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Sources

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