MODIFICATION OF LOAN GUARANTY FEE FOR CERTAIN SUBSEQUENT LOANS.

SEC. 265. MODIFICATION OF LOAN GUARANTY FEE FOR CERTAIN SUBSEQUENT LOANS. (a) In General.—Section 3729(b)(2) of title 38, United States Code, is amended— (1) in subparagraph (A)— (A) in clause (iii), by striking “November 18, 2011” and inserting “October 1, 2016”; and (B) in clause (iv), by striking “November 18, 2011” and inserting “October 1, 2016”; (2) in subparagraph (B)— (A) in clause (i), by striking “November 18, 2011” and inserting “October 1, 2016”; (B) by striking clauses (ii) and (iii); (C) by redesignating clause (iv) as clause (ii); and (D) in clause (ii), as redesignated by subparagraph (C), by striking “October 1, 2013” and inserting “October 1, 2016”; (3) in subparagraph (C)— (A) in clause (i), by striking “November 18, 2011” and inserting “October 1, 2016”; and (B) in clause (ii), by striking “November 18, 2011” and inserting “October 1, 2016”; and (4) in subparagraph (D)— (A) in clause (i), by striking “November 18, 2011” and inserting “October 1, 2016”; and (B) in clause (ii), by striking “November 18, 2011” and inserting “October 1, 2016”. (b) [38 U.S.C. 3729 note] Effective Date.—The amendments made by subsection (a) shall take effect on the later of— (1) November 18, 2011; or (2) the date of the enactment of this Act.