HR 834
112th Congress
House
Taxation
Housing finance and home ownership
Income tax exclusion
Inflation and prices
Interest, dividends, interest rates
Securities
Veterans' loans, housing, homeless programs
Veterans Home Loan Refinance Opportunity Act of 2011
Introduced: February 28, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2011
Referred to the House Committee on Ways and Means.
Feb 28, 2011
Sponsor introductory remarks on measure. (CR E331)
Feb 28, 2011
Introduced in House
Plain-English summary
Veterans Home Loan Refinance Opportunity Act of 2011- 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 2011 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1