PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 1949: Vendee Loan Restoration Act

Before you vote › Federal bills

H.R. 1949: Vendee Loan Restoration Act

108th Congress · introduced 2003-05-05 · Armed Forces and National Security · Latest: See Public Law 108-183.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2003-05-05 · official record
  2. Who proposed it: Rep. Smith, Christopher H. [R-NJ-4] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: See Public Law 108-183. (final step reached)
  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

Vendee Loan Restoration Act

Plain summary

Vendee Loan Restoration Act - Reinstates the minimum and maximum percentages of purchases during a fiscal year of real property acquired by the Secretary of Veterans Affairs as the result of a default on a guaranteed loan that may be financed by a loan made by the Secretary. Increases the maximum percentage to 85 (65 under provisions that expired after September 30, 1990).

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

Vendee Loan Restoration Act

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. Smith, Christopher H. [R-NJ-4] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Sponsor's campaign money: Rep. Smith, Christopher H. [R-NJ-4] reported raising $797,217 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

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-hr1949 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108