HR 1384 · 102th Congress · Armed Forces and National Security

To provide for a demonstration program by the Secretary of Veterans Affairs with respect to adjustable rate mortgages.

Introduced 1991-03-12· Sponsored by Rep. Payne, Lewis F., Jr. [D-VA-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: For Further Action See H.R.939.(1991-07-18)

Plain Language Summary

[AI summary unavailable — showing source text] Directs the Secretary of Veterans Affairs to carry out a demonstration project during FY 1992 and 1993, at no fewer than two or more than ten of its regional offices, for guaranteeing loans in a manner similar to the manner in which the Secretary of Housing and Urban Development insures adjustable rate mortgages under the National Housing Act. Requires a report from the Secretary to the Congress on project results, and annual reports thereafter.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (10)

9 Democrats1 Republican
Rep. Montgomery, G. V. (Sonny) [D-MS-3]MS
Rep. Sisisky, Norman [D-VA-4]VA
Rep. Valentine, Tim [D-NC-2]NC
Rep. Brewster, Bill K. [D-OK-3]OK
Rep. Jefferson, William J. [D-LA-2]LA
Rep. Traficant, James A., Jr. [D-OH-17]OH
Rep. Perkins, Carl C. [D-KY-7]KY
Rep. Frost, Martin [D-TX-24]TX
Rep. Espy, Mike [D-MS-2]MS
Rep. Machtley, Ronald K. [R-RI-1]RI