Bill Sponsor
House Bill 5923
116th Congress(2019-2020)
Fair Access to Co-ops for Veterans Act
Introduced
Introduced
Introduced in House on Feb 18, 2020
Overview
Text
Introduced
Feb 18, 2020
Latest Action
Feb 18, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5923
Congress
116
Policy Area
Armed Forces and National Security
Armed Forces and National Security
Primary focus of measure is military operations and spending, facilities, procurement and weapons, personnel, intelligence; strategic materials; war and emergency powers; veterans’ issues. Measures concerning alliances and collective security, arms sales and military assistance, or arms control may fall under International Affairs policy area.
Sponsorship by Party
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Fair Access to Co-ops for Veterans Act

This bill reauthorizes the Department of Veterans Affairs (VA) to guarantee a loan for a veteran's purchase of stock or membership in a cooperative housing corporation for the purpose of entitling the veteran to occupy a single family residential unit. The VA must ensure a loan for the purchase of stock or membership in a cooperative housing corporation is not denied if it has been reviewed and approved by a lender approved by Fannie Mae.

The bill also requires the VA to advertise the availability of loan guarantees for housing cooperative share loans to notify eligible veterans, participating lenders, and interested realtors of the availability of such loan guarantees and the procedures and requirements that apply to the obtaining of such guarantees.

Text (1)
February 18, 2020
Actions (2)
02/18/2020
Referred to the House Committee on Veterans' Affairs.
02/18/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:17:42 PM