HR 1814 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Restoring the VA Home Loan Program in Perpetuity Act of 2025
To amend title 38, United States Code, to provide for limitations on the authority of the Secretary of Veterans Affairs to purchase certain loans guaranteed by the Department of Veterans Affairs to avoid default, and for other purposes.
Summary
The bill limits the Department of Veterans Affairs' authority to purchase home loans guaranteed by the VA to prevent borrower default. The Secretary of Veterans Affairs may purchase no more than 250 such loans per fiscal year. The bill also requires the Secretary to submit a report within 180 days detailing a plan to sell loans acquired under this program to private entities.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (4)
- Mar 10, 2025 Subcommittee Hearings Held · house
- Mar 10, 2025 Referred to the Subcommittee on Economic Opportunity. · house
- Mar 3, 2025 Referred to the House Committee on Veterans' Affairs. · house
- Mar 3, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
March 3, 2025
Mr. Van Orden introduced the following bill; which was referred to the Committee on Veterans’ Affairs
A BILL
To amend title 38, United States Code, to provide for limitations on the authority of the Secretary of Veterans Affairs to purchase certain loans guaranteed by the Department of Veterans Affairs to avoid default, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Restoring the VA Home Loan Program in Perpetuity Act of 2025”.
SEC. 2. LIMITATIONS ON AUTHORITY UNDER DEPARTMENT OF VETERANS AFFAIRS SERVICER PURCHASER PROGRAM.
(a) Limitation.—Section 3732(a)(2) of title 38, United States Code, is amended by adding at the end the following new subparagraph:
“(C) During any fiscal year, the Secretary may not exercise the authority under subsections (A) and (B) with respect to more than an aggregate of 250 loans.”.
(b) Conforming Amendment.—Section 3720(a)(5) of such title is amended by inserting before “purchase” the following: “subject to the limitation under section 3732(a)(2)(C) of this title,”.
(c) Study on Sale of Loans.—Not later than 180 days after the date of the enactment of this Act, the Secretary of Veterans Affairs shall submit to the Committees on Veterans’ Affairs of the Senate and House of Representatives a report containing the plan of the Secretary to sell to a non-Government entity each loan acquired by the Secretary under section 3732(a)(2) of title 38, United States Code, on or after May 31, 2024. <all>
Comments