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US HR 502

Title: To amend title 38, United States Code, to ensure that the Secretary of Veterans Affairs repays members of the Armed Forces for certain contributions made by such members towards Post-9/11 Educational Assistance, and for other purposes.
Author: James Edward Banks

Summary
This bill modifies the process for repaying service members and veterans who paid to keep benefits under the Montgomery GI Bill, but later chose to utilize Post-9/11 GI Bill benefits. Specifically, the bill removes the requirement for the Department of Veterans Affairs (VA) to issue the repayments with the last monthly housing stipend under the Post-9/11 GI Bill. This requirement has limited the repayments to individuals who are receiving stipends. Under the bill, the VA must make such a repayment before the exhaustion of the individual's entitlement to education assistance. Additionally, the bill extends through January 28, 2031, higher rates for certain loan fees under the VA home loan program.

Status
Received in the Senate.

Bill Documents
US HR 502 - Engrossed in House (03/07/2023)
2023-01-25 - US HR 502 (Engrossed in House (03/07/2023))

US HR 502 - Introduced in House (01/25/2023)
2023-01-25 - US HR 502 (Introduced in House (01/25/2023))

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Author Details


  • Jim Banks - R
    Representative - US House - IN
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    Capital Address:
    2418 Rayburn House Office Building
    Washington, DC 20515
    2022254436

    District Address:
    1300 S Harrison St
    Fort Wayne, IN 46802 3495
    Phone: 2607024750