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CARS for Vets Act
8/1/2023, 5:15 PM
Summary of Bill HR 3304
Under the CARS for Vets Act, veterans would be eligible to receive a voucher worth a certain amount of money towards the purchase of a new vehicle. The amount of the voucher would depend on the fuel efficiency of the new vehicle being purchased. The goal of the program is to help veterans save money on fuel costs and reduce their carbon footprint by driving more fuel-efficient vehicles.
The bill has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of supporting veterans and promoting environmental sustainability. Proponents of the bill argue that it would not only benefit veterans, but also stimulate the economy by encouraging the purchase of new vehicles. Overall, the CARS for Vets Act is aimed at providing assistance to veterans while also promoting environmental conservation and economic growth. It is currently being debated in Congress, and its future remains uncertain.
Congressional Summary of HR 3304
Advancing Uniform Transportation Opportunities for Veterans Act or the AUTO for Veterans Act
This bill authorizes the Department of Veterans Affairs (VA) to provide (or assist in providing) an eligible veteran or service member with an additional automobile or other conveyance under the VA automobile allowance and adaptive equipment program. Currently, a veteran or service member with a specified service-connected disability or impairment may not receive more than one automobile or other conveyance under the program.
The bill authorizes the additional benefit for such veterans and service members (1) if more than 25 years have passed since the person last received such benefit, or (2) beginning on the day that is 10 years after the enactment of this bill if more than 10 years have elapsed since the person most recently received such benefit.
The bill also includes certain vehicle modifications (e.g., van lifts) under the definition of medical services for VA health care purposes.
Additionally, the bill extends from January 14, 2031, to May 16, 2031, higher rates for certain loan fees under the VA home loan program.
