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H.R. 1257: Selected Reserve Home Loan Equity Act

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H.R. 1257: Selected Reserve Home Loan Equity Act

108th Congress · introduced 2003-03-13 · Armed Forces and National Security · Latest: Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2003-03-13 · official record
  2. Who proposed it: Rep. Evans, Lane [D-IL-17] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 210 (2003): On Motion to Suspend the Rules and Pass, HR1257 (2003-05-22), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Selected Reserve Home Loan Equity Act

Plain summary

Selected Reserve Home Loan Equity Act - Makes permanent (currently expires at the end of FY 2009) the authority for individuals who complete six years of service in the Selected Reserve to receive home loans guaranteed, insured, or made through the Department of Veterans Affairs. Prescribes uniform fees for members of the Selected Reserve and veterans eligible for such home loans through qualifying active duty service. (Currently, separate fees apply to active duty veterans and reservists.)

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Selected Reserve Home Loan Equity Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Evans, Lane [D-IL-17] · 17 cosponsors

Cost estimate: CBO cost estimate: H.R. 1257, Selected Reserve Home Loan Equity Act (2003-04-04); CBO cost estimate: H.R. 1257, Selected Reserve Home Loan Equity Act (2003-04-04); CBO cost estimate: H.R. 1257, Selected Reserve Home Loan Equit Act (2003-05-19); CBO cost estimate: H.R. 1257, Selected Reserve Home Loan Equit Act (2003-05-19)

Cosponsors on this site

Bernard Sanders (I-VT), Maxine Waters (D-CA), Christopher H. Smith (R-NJ)

Recorded votes

Words on this page, explained (1)
Fiscal year
The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong108-hr1257 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108