U.S. Representative Lee Zeldin, who represents the East End in Congress, has introduced his first federal bill—a bill that aims to help veterans obtain loans.
The legislation eliminates the “maximum guarantee amount” on loans to veterans that are backed by the Department of Veterans Affairs.
“This bill is very helpful for veterans living in areas with a high cost of living, such as Long Island,” Zeldin said in a statement from his office. “This is an issue that many veterans have called my office concerned about. I introduced this bill because after serving our country, our veterans have earned this support of a grateful nation. This legislation will address that issue by providing the VA with the flexibility to determine the appropriate limit for all veterans’ loans.”
His office notes that Suffolk County has the highest veteran population in New York State and the second highest in the nation.
Zeldin, a Republican, is the primary sponsor of the bill, which has bipartisan support. Democrats Mark Takano Zoe Lofgren, both of California, are co-sponsors.