Veterans Home Loan Refinance Opportunity Act of 2011
Latest action · Feb 28, 2011 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 28, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Feb 28, 2011 to Mar 20, 2012; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Bob Filner | Original | Feb 28, 2011 |
| D-OR | David Wu | Original | Feb 28, 2011 |
| D-OR | Earl Blumenauer | Original | Feb 28, 2011 |
| R-CA | Ken Calvert | Original | Feb 28, 2011 |
| D-OR | Kurt Schrader | Original | Feb 28, 2011 |
| D-OR | Peter A. DeFazio | Original | Feb 28, 2011 |
| D-WI | Ron Kind | Original | Feb 28, 2011 |
| D-WI | Tammy Baldwin | Original | Feb 28, 2011 |
| D-OR | Suzanne Bonamici | Mar 20, 2012 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 28, 2011 |
Actions 3
Everything that happened, newest first.
- Feb 28, 2011Introduced in House
- Feb 28, 2011Sponsor introductory remarks on measure. (CR E331)
- Feb 28, 2011Referred to the House Committee on Ways and Means.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E331 | Susan A. Davis D-CA | Feb 28, 2011 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H1392.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow eligible veterans to use qualified veterans mortgage bonds to refinance home loans, and for other purposes.
- Short Titles as Introduced
- Veterans Home Loan Refinance Opportunity Act of 2011
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 28, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
