HR 1885 · 113th Congress · Taxation

Veterans Home Loan Refinance Opportunity Act of 2013

Introduced 2013-05-08· Sponsored by Rep. Davis, Susan A. [D-CA-53]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2013-05-08)

Plain Language Summary

[AI summary unavailable — showing source text] Veterans Home Loan Refinance Opportunity Act of 2013 - Amends Internal Revenue Code provisions relating to tax-exempt veterans' mortgage bonds to permit: (1) proceeds from such bonds to refinance residences of veterans (currently, bond financing limited to new mortgages); (2) an annual inflation adjustment after 2013 to the amounts of veterans' mortgage bonds that states may issue; and (3) an increase from 1.125 % to 1.50% in the amount by which interest on veterans' mortgages may exceed the yield on a bond issue.…

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

Cosponsors (4)

4 Democrats
Rep. Lowenthal, Alan S. [D-CA-47]CA
Rep. Bonamici, Suzanne [D-OR-1]OR
Rep. Takano, Mark [D-CA-41]CA
Rep. Huffman, Jared [D-CA-2]CA