This bill modifies Department of Veterans Affairs (VA) education and home loan programs.
The 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 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 from January 14, 2031, to January 28, 2031, higher rates for certain loan fees under the VA home loan program.
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPAYMENT OF MEMBERS OF THE ARMED FORCES FOR CONTRIBUTIONS 
              TOWARD POST-9/11 EDUCATIONAL ASSISTANCE.

    (a) In General.--Section 3327(f)(3) of title 38, United States 
Code, is amended by striking ``together'' and all that follows through 
``(as applicable),''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on August 1, 2023.

SEC. 2. MODIFICATION OF CERTAIN HOUSING LOAN FEES.

    The loan fee table in section 3729(b)(2) of title 38, United States 
Code, is amended by striking ``January 14, 2031'' each place it appears 
and inserting ``January 28, 2031''.

SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, 


              

provided that such statement has been submitted prior to the vote on 
passage.

            Passed the House of Representatives September 28, 2022.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.
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.
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.
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.
Official Titles - House of Representatives
Official Titles as Amended by House
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.
Official Title as Introduced
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.
Rep. Banks, Jim