US HB1885 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on May 8 2013 - 25% progression, died in committee
Action: 2013-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 8 2013 - 25% progression, died in committee
Action: 2013-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Veterans Home Loan Refinance Opportunity Act of 2013 - Amends Internal Revenue Code provisions relating to tax-exempt veterans' mortgage bonds to permit: (1) proceeds from such bonds to refinance residences of veterans (currently, bond financing limited to new mortgages); (2) an annual inflation adjustment after 2013 to the amounts of veterans' mortgage bonds that states may issue; and (3) an increase from 1.125 % to 1.50% in the amount by which interest on veterans' mortgages may exceed the yield on a bond issue.
Title
Veterans Home Loan Refinance Opportunity Act of 2013
Sponsors
| Rep. Susan Davis [D-CA] | Rep. Suzanne Bonamici [D-OR] | Rep. Jared Huffman [D-CA] | Rep. Alan Lowenthal [D-CA] |
| Rep. Mark Takano [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-05-08 | House | Referred to the House Committee on Ways and Means. |
| 2013-05-08 | House | Sponsor introductory remarks on measure. (CR E618-619) |
Subjects
Housing finance and home ownership
Income tax exclusion
Inflation and prices
Interest, dividends, interest rates
Securities
Taxation
Veterans' loans, housing, homeless programs
Income tax exclusion
Inflation and prices
Interest, dividends, interest rates
Securities
Taxation
Veterans' loans, housing, homeless programs
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/1885/all-info |
| Text | https://www.congress.gov/113/bills/hr1885/BILLS-113hr1885ih.pdf |
