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 November 28, 2031, higher rates for certain loan fees under the VA home loan program.
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.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 29.
Placed on Senate Legislative Calendar under Read the First Time.
Bost moved to suspend the rules and pass the bill, as amended.
(consideration: CR H1124-1125)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1124)