HR 1106 IH

To exclude certain veterans' compensation and pension amounts from consideration as adjusted income for purposes of determining the amount of rent paid by a family for a dwelling unit assisted under the United States Housing Act of 1937.

March 20, 2001

Mr. ANDREWS introduced the following bill; which was referred to the Committee on Financial Services

To exclude certain veterans' compensation and pension amounts from consideration as adjusted income for purposes of determining the amount of rent paid by a family for a dwelling unit assisted under the United States Housing Act of 1937.

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

SECTION 1. SHORT TITLE.

This Act may be cited as the `Veterans' Equity Act of 2001'.

SEC. 2. EXCLUSION FROM INCOME.

Notwithstanding section 3 of the United States Housing Act of 1937, for purposes of determining the amount of rent paid by a family for occupancy of a public housing dwelling unit or a dwelling unit assisted under section 8 of such Act, the adjusted income of a family shall not be considered to include any amounts received by any member of the family from the Secretary of Veterans Affairs as--

(1) compensation, as defined in section 101(13) of title 38, United States Code;

(2) dependency and indemnity compensation, as defined in section 101(14) of such title; or

(3) pension, as defined in section 101(15) of such title.

END