,,ii  #aahth ,,congress  #b;d ,session  
,s4 #ecja  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #ab1 
#bjbd,mr4 ,ossoff 7for himself and ,mr4 
,rubio7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,veterans' ,affairs  ,a  
,,bill  ,to amend title #ch1 ,united    
,states ,code1 to prohibit the          
consideration of childcare expenses in  
the calculation of debt-to-income ratios
 for ,department of ,veterans ,affairs  
housing loans1 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the ,veterans ,home ,loan ,fairness 
,act of #bjbd4  #b4 ,findings and       
purpose  7a7 ,findings ,congress finds  
the following3 7#a7 ,veterans and their 
families often face unique financial    
challenges1 including the cost of       
childcare4  7#b7 ,the consideration of  
childcare expenses in the calculation of
 debt-to-income ratios can              
disproportionately affect the ability of
 veterans to qualify for home loans4    

7#c7 ,ensuring equitable access to home 
loans is critical to supporting veterans
 and their families4  7b7 ,purpose ,the 
purpose of this ,act is to prohibit the 
consideration of childcare expenses in  
the calculation of debt-to-income ratios
 for ,department of ,veterans ,affairs  
housing loans to promote fair access to 
home ownership for veterans4  #c4       
,prohibition on consideration of        
childcare expenses in debt-to-income    
ratio calculations  7a7 ,in general     
,chapter #cg of title #ch1 ,united      
,states ,code1 is amended by inserting  
after section #cgbj the following new   
section3  #cgbj;,b4 ,prohibition on     
consideration of childcare expenses in  
debt-to-income ratio calculations  7a7  
,in general ,in determining the         
eligibility of a veteran for a housing  
loan guaranteed1 insured1 or made under 
this chapter1 the ,secretary shall      
ensure that childcare expenses are not  
considered in the calculation of the    
veteran's debt-to-income ratio4  7b7    

,definitions ,in this section3 7#a7     
,childcare expenses ,the term childcare 
expenses means costs incurred for the   
care of a child or minor dependent of   
the veteran concerned4  7#b7            
,debt-to-income ratio ,the term         
debt-to-income ratio means the ratio of 
a veteran's total monthly debt payments 
to such veteran's gross monthly income4 
7c7 ,regulations ,the ,secretary shall  
prescribe such regulations as are       
necessary to implement the requirements 
of this section4  4  7b7 ,clerical      
amendment ,the table of sections at the 
beginning of chapter #cg of such title  
is amended by inserting after the item  
relating to section #cgbj the following 
new item3  #cgbj;,b4 ,prohibition on    
consideration of childcare expenses in  
debt-to-income calculations4  4  #d4    
,effective date ,this ,act and the      
amendments made by this ,act shall take 
effect #ij days after the date of the   
enactment of this ,act4