MODIFICATION AND EXTENSION OF AUTHORITY RELATING TO VENDEE LOAN PROGRAM.

SEC. 5405. MODIFICATION AND EXTENSION OF AUTHORITY RELATING TO VENDEE LOAN PROGRAM. Section 3733(a) of title 38, United States Code, is amended by adding at the end the following new paragraph: “(8) During the period that begins on October 1, 2020, and ends on September 30, 2025, the Secretary shall carry out the provisions of this subsection as if— “(A) the references in the first sentence of paragraph (1) to ‘65 percent’ and ‘may be financed by a loan’ were references to ‘85 percent’ and ‘shall be of property marketed with financing to be’, respectively; “(B) the second sentence of paragraph (1) were repealed; and “(C) the reference in paragraph (2) to ‘September 30, 1990,’ were a reference to ‘September 30, 2025,’. ” .