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US HB1814

Bill

Official Source

Status

Introduced

3/3/2025

Primary Sponsor

Derrick Van Orden

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Limits the VA Secretary's authority to purchase VA-guaranteed loans to prevent default to a maximum of 250 loans per fiscal year

  • Amends Section 3732(a)(2) of title 38, United States Code, adding this cap to the existing servicer purchaser program

  • Requires the Secretary of Veterans Affairs to submit a report to Congress within 180 days detailing a plan to sell all loans acquired under this authority since May 31, 2024 to non-government entities

  • Introduced March 3, 2025 by Rep. Van Orden and referred to the House Committee on Veterans' Affairs

Legislative Description

Restoring the VA Home Loan Program in Perpetuity Act of 2025

Armed forces and national security

Last Action

Subcommittee Hearings Held

3/10/2025

Committee Referrals

Subcommittee on Economic Opportunity3/10/2025
Veterans' Affairs3/3/2025

Full Bill Text

No bill text available