I rise in support of H.R. 4345. This bill is an example of bipartisan legislation that the House Committee on Veterans' Affairs has voted for. It includes provisions drawn from H.R. 1735, introduced on April 10, 2003, by the gentlewoman from California (Mrs. Davis), and H.R. 4065, introduced by the gentlewoman from Florida (Ms. Ginny Brown-Waite) in March of this year. H.R. 4345, a compromise bill, increases the VA home loan amount to that provided by the Freddie Mac program for a single family residence. It also indexes the VA home loan amount to the Freddie Mac program, thereby taking into account future needs in this program. This is something that the veterans deserve. In addition, I would like to note that the original Davis bill would have generated more savings than the original Brown-Waite bill, but this bill exceeds the CBO savings for either bill. These savings will be needed to pay for improvements to benefit our Nation's current and future veterans. Veterans across the country are anxiously awaiting this bill's scheduling to come under suspension.
Editor's note · Context
Supporting H.R. 4345, a bipartisan bill related to veterans' home loan benefits.
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