Provides that interest rates under the loan guaranty program for veterans may exceed the interest rates specified under the National Housing Act.
Authorizes the Administrator of Veterans' Affairs independently to adjust the rate of interest on guaranteed loans after consultation with the Secretary of Housing and Urban Development.
Requires the Administrator, to the maximum extent practicable, to carry out a coordinated policy with the Secretary regarding interest rates on such loans.
Referred to House Committee on Veterans' Affairs.
Introduced in Senate
Referred to Senate Committee on Veterans' Affairs.
Reported to Senate from the Committee on Veterans' Affairs with amendment, S. Rept. 93-317.
Reported to Senate from the Committee on Veterans' Affairs with amendment, S. Rept. 93-317.
Passed/agreed to in Senate: Measure passed Senate, amended.
Measure passed Senate, amended.
Measure indefinitely postponed in Senate, H.R. 8949 passed in lieu.
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