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A bill to amend title 38, United States Code, to expand eligibility for a housing loan guaranteed by the Secretary of Veterans Affairs to certain individuals who performed active duty for training.

5/23/2024, 10:56 AM

Summary of Bill S 4323

Bill 118 s 4323, also known as the "Housing Loan Eligibility Expansion Act," aims to amend title 38 of the United States Code to broaden the eligibility criteria for veterans seeking a housing loan guaranteed by the Secretary of Veterans Affairs. Specifically, this bill seeks to extend this benefit to individuals who have performed active duty for training.

Currently, only veterans who have served a certain amount of active duty time are eligible for a VA-guaranteed housing loan. However, this bill recognizes the valuable contributions and sacrifices made by individuals who have undergone active duty training, even if it does not meet the traditional requirements for active duty service.

By expanding eligibility to include these individuals, the bill aims to provide more opportunities for veterans to achieve homeownership and stability. This can have a positive impact on the lives of those who have served our country, by helping them secure affordable housing and build a foundation for their future. Overall, the Housing Loan Eligibility Expansion Act is a step towards recognizing and supporting all individuals who have served in the military, regardless of the specific nature of their service. It reflects a commitment to honoring and assisting our veterans in their transition to civilian life.

Current Status of Bill S 4323

Bill S 4323 is currently in the status of Bill Introduced since May 14, 2024. Bill S 4323 was introduced during Congress 118 and was introduced to the Senate on May 14, 2024.  Bill S 4323's most recent activity was Read twice and referred to the Committee on Veterans' Affairs. as of May 14, 2024

Bipartisan Support of Bill S 4323

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
0
Republican Cosponsors
4
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4323

Primary Policy Focus

Alternate Title(s) of Bill S 4323

A bill to amend title 38, United States Code, to expand eligibility for a housing loan guaranteed by the Secretary of Veterans Affairs to certain individuals who performed active duty for training.
A bill to amend title 38, United States Code, to expand eligibility for a housing loan guaranteed by the Secretary of Veterans Affairs to certain individuals who performed active duty for training.

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