US Congress House Bill 3277 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Democrat 7)
Status: Introduced on October 27 2011 - 25% progression, died in committee
Action: 2011-10-28 - Referred to the Subcommittee on Economic Opportunity.
Pending: House Subcommittee on Economic Opportunity Committee
Text: Latest bill text (Introduced) [PDF]

Revises the Department of Veterans Affairs (VA) program which guarantees veterans' loans for the purchase of residential cooperative housing to remove a provision which limits to five years after a loan is guaranteed the use of loan proceeds to purchase stock or membership in a cooperative housing corporation. Directs the Secretary of Veterans Affairs to ensure that a loan used for such purchase in a corporation that has been reviewed and approved by a lender approved by the Federal National Mortgage Association (Fannie Mae) is not denied. Authorizes the Secretary to advertise the availability of such loan guarantees.

To amend title 38, United States Code, to improve and make permanent the Department of Veterans Affairs loan guarantee for the purchase of residential cooperative housing units, and for other purposes.

Rep. Carolyn Maloney [D-NY]	Rep. Al Green [D-TX]	Rep. Jesse Jackson [D-IL]	Rep. Jerrold Nadler [D-NY]
Rep. Charles Rangel [D-NY]	Rep. Laura Richardson [D-CA]	Rep. Edolphus Towns [D-NY]

Date	Chamber	Action
2011-10-28	House	Referred to the Subcommittee on Economic Opportunity.
2011-10-27	House	Referred to the House Committee on Veterans' Affairs.
2011-10-27	House	Sponsor introductory remarks on measure. (CR E1955)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/3277/all-info
Text	https://www.congress.gov/112/bills/hr3277/BILLS-112hr3277ih.pdf