EXTENSION OF LOAN GUARANTY FEE FOR CERTAIN SUBSEQUENT LOANS.

SEC. 3. EXTENSION OF LOAN GUARANTY FEE FOR CERTAIN SUBSEQUENT LOANS. (a) Extension.—Section 3729(b)(2)(B) of title 38, United States Code, is amended— (1) in clause (i)— (A) by striking “January 1, 2004” and inserting “October 1, 2011”; and (B) by striking “3.00” both places it appears and inserting “3.30”; (2) in clause (ii)— (A) by striking “January 1, 2004, and before October 1, 2011” and inserting “October 1, 2011, and before October 1, 2012”; and (B) by striking “3.30” both places it appears and inserting “2.80”; and (3) in clause (iii), by striking “October 1, 2011” and inserting “October 1, 2012”. (b) [38 U.S.C. 3729 note] Effective Date.—The amendments made by subsection (a) shall take effect on the later of October 1, 2011, or the date of the enactment of this Act.