I, too, proudly rise today in support of H.R. 4345 and in support of all the veterans that stand to benefit from its passage. I would like to thank the gentlewoman from California (Mrs. Davis) and the gentlewoman from Florida (Ms. Brown-Waite) for recognizing that veterans need help meeting the staggeringly high increases in the cost of buying their own home. And, Mr. Speaker, I would like to especially thank the gentlewoman from California (Mrs. Davis) for introducing her original legislation, H.R. 1735, which first brought attention to this issue last year by gathering 61 cosponsors of her proposal to increase the loan guarantee. The old loan guarantee of $60,000, which provides a loan of $240,000, is not sufficient in Guam to meet the cost of buying a home, and I expect that this is also true in San Diego, Florida, and all over the United States. The new maximum amount in this legislation addresses this problem to help veterans secure the mortgage financing that they need. I look forward to further opportunities to improve the benefits available to veterans, and urge my colleagues to support this important piece of legislation. This will be such good news for our veterans across the Nation. On Guam, it will be particularly welcomed, since many of our veterans feel shortchanged when it comes to veterans' benefits. I strongly support H.R. 4345.
Editor's note · Context
Speaking in support of H.R. 4345, addressing veterans' home loan benefits.
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