Veterans' Benefits and Programs Improvement Act of 1988

enactedUnited States· United States Congress· EN

Introduced

4 February 1988

Last action

18 November 1988 · President

Status

Became Public Law No: 100-689.

Summary

Veterans' Home Loan Program Improvements Act of 1988 - Establishes an independent Commission on the Veterans' Administration Home Loan Guaranty Program to assess the Veterans Administration (VA) home loan guaranty program. Directs the Commission, within 12 months after at least five Commission members have been appointed, to submit to the Administrator and the Senate and House Veterans' Affairs Committees a report on findings and recommendations with regard to: (1) ways to reduce defaults and foreclosures on VA home loans; (2) ways to reduce VA costs resulting from such foreclosures; (3) the management and disposition of loans made by the VA to finance the sale of properties acquired by the VA as a result of foreclosures; and (4) other administrative matters with regard to the operation of the VA home loan guaranty program. Directs the Administrator, no later than two months after such report is submitted, to submit an interim report to the veterans' committees containing the Administrator's views on the Commission's report and legislation or recommendations proposed by the Commission. Directs the Administrator to submit a final report to the veterans' committees, which includes any action taken up to that point, no later than six months after submission of the Commission's report, together with any recommendations. Terminates the Commission 90 days after the Administrator submits the final report. Amends Federal veterans' benefits provisions to authorize the Administrator to make loans to finance the sale of foreclosed property acquired by the VA at a lower-than-prevailing market rate in order to assure the saleability of such home and the solvency of the Veterans' Administration Home Loan Guaranty Revolving Fund. Makes provisions governing the assumption of VA housing loans applicable to purchases of foreclosed property acquired by the VA.

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

Timeline

4 February 1988
Introduced
Read twice and referred to the Committee on Veterans.
Source: IntroReferral
4 February 1988
Introduced
Introduced in Senate
Source: IntroReferral
10 February 1988
Committee
Committee on Veterans requested executive comment from VA, OMB.
Source: Committee
29 February 1988
Committee
Committee on Veterans received executive comment from VA.
Source: Committee
4 March 1988
Committee
Committee on Veterans. Hearings held.
Source: Committee
17 March 1988
Reported
Committee on Veterans. Ordered to be reported with an amendment in the nature of a substitute favorably.
Source: Committee
25 March 1988
Committee
Committee on Veterans received executive comment from OMB.
Source: Committee
22 April 1988
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.
Source: Calendars
22 April 1988
Reported
Committee on Veterans. Reported to Senate by Senator Cranston with an amendment in the nature of a substitute and an amendment to the title. With written report No. 100-323.
Source: Committee
22 April 1988
Reported
Committee on Veterans. Reported to Senate by Senator Cranston with an amendment in the nature of a substitute and an amendment to the title. With written report No. 100-323.
Source: Committee
28 April 1988
Passed
Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Source: Floor
28 April 1988
Passed
Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Source: Floor
2 May 1988
Introduced
Referred to House Committee on Veterans' Affairs.
Source: IntroReferral
2 May 1988
Floor
Message on Senate action sent to the House.
Source: Floor
12 October 1988
Passed
Passed/agreed to in House: Passed House (Amended) by Voice Vote.
Source: Floor
12 October 1988
Floor
Called up by House Under Suspension of Rules.
Source: Floor
12 October 1988
Floor
Message on House action received in Senate and held at desk: House amendments to Senate bill.
Source: Floor
12 October 1988
Passed
Passed House (Amended) by Voice Vote.
Source: Floor
20 October 1988
Passed
Senate agreed to the House amendments by Voice Vote.
Source: ResolvingDifferences
20 October 1988
Passed
Resolving differences -- Senate actions: Senate agreed to the House amendments by Voice Vote.
Source: NotUsed
8 November 1988
Floor
Presented to President.
Source: Floor
8 November 1988
President
Presented to President.
Source: President
8 November 1988
Floor
Measure Signed in Senate.
Source: Floor
18 November 1988
Became law
Became Public Law No: 100-689.
Source: President
18 November 1988
Became law
Signed by President.
Source: BecameLaw
18 November 1988
President
Signed by President.
Source: President

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

5 official files

Public Law (PDF)

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Public Law (PDF)
Public Law · EN · 19 November 1988
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Passed House amended
summary · EN · 12 October 1988
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Passed Senate amended
summary · EN · 28 April 1988
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Reported to Senate with amendment(s)
summary · EN · 22 April 1988
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Introduced in Senate
summary · EN · 4 February 1988
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Related records

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Related across the Repo ecosystem

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Direct relationships

Legal framework · Veterans' Benefits and Programs Improvement Act of 1988 · S. 2049 (100th) · US

Identifier matchPROJECTS_FROM
Same us record 100-s-2049 projected from PoliticalRepo US row.
Veterans' Benefits and Programs Improvement Act of 1988

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/100th-congress/senate-bill/2049
Open data entity: https://api.congress.gov/v3/bill/100/s/2049
us · 100-s-2049 · source updated 14 January 2025