Fair Access to Co-ops for Veterans Act
Latest action · Feb 18, 2020 Referred to the House Committee on Veterans' Affairs.
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 18, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Fair Access to Co-ops for Veterans Act
This bill reauthorizes the Department of Veterans Affairs (VA) to guarantee a loan for a veteran's purchase of stock or membership in a cooperative housing corporation for the purpose of entitling the veteran to occupy a single family residential unit. The VA must ensure a loan for the purchase of stock or membership in a cooperative housing corporation is not denied if it has been reviewed and approved by a lender approved by Fannie Mae.
The bill also requires the VA to advertise the availability of loan guarantees for housing cooperative share loans to notify eligible veterans, participating lenders, and interested realtors of the availability of such loan guarantees and the procedures and requirements that apply to the obtaining of such guarantees.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Feb 18, 2020 to Nov 5, 2020; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-DC | Eleanor Holmes Norton | Original | Feb 18, 2020 |
| D-GU | Michael F. Q. San Nicolas | Nov 5, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Veterans' Affairs Committee | Referred Feb 18, 2020 |
Actions 2
Everything that happened, newest first.
- Feb 18, 2020Introduced in House
- Feb 18, 2020Referred to the House Committee on Veterans' Affairs.
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 Congressional Record, vol. 166, no. 33, February 18, 2020, page H1164.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend title 38, United States Code, to improve and make permanent the Department of Veterans Affairs loan guarantee for the purchase of residential cooperative housing units, and for other purposes.
- Short Title(s) as Introduced
- Fair Access to Co-ops for Veterans Act
Subjects
Assigned by the Library of Congress. Policy area: Armed Forces and National Security.
- Administrative law and regulatory procedures
- Armed Forces and National Security
- Cooperative and condominium housing
- Department of Veterans Affairs
- Government information and archives
- Government lending and loan guarantees
- Housing finance and home ownership
- Veterans' loans, housing, homeless programs
Text 1
Each version as it was printed, newest first.
- Feb 18, 2020Introduced 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.
