Section 1 Short title
This Act may be cited as the “Expanding Home Loans for Guard and Reservists Act”.
Expanding Home Loans for Guard and Reservists Act
AN ACT
To amend title 38, United States Code, to expand eligibility of members of the National Guard for housing loans guaranteed by the Secretary of Veterans Affairs.
Sec. 2 Expansion of eligibility of members of the National Guard for housing loans guaranteed by the Secretary of Veterans Affairs
Section 3701(b)(7) of title 38, United States Code, is amended by striking “full-time National Guard duty” and inserting “active service”.
Sec. 3 Determination of budgetary effects
The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.