IIB 
118TH CONGRESS 
2D SESSION 
H. R. 3738 
IN THE SENATE OF THE UNITED STATES 
MAY 1, 2024 
Received; read twice and referred to the Committee on Veterans’ Affairs 
AN ACT 
To amend title 38, United States Code, to establish in the 
Department of Veterans Affairs the Veterans Economic 
Opportunity and Transition Administration, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Veterans Economic 
Opportunity and Transition Administration Act’’. 
SEC. 2. ESTABLISHMENT OF VETERANS ECONOMIC OPPOR-
TUNITY AND TRANSITION ADMINISTRATION. 
(a) VETERANS ECONOMIC OPPORTUNITY AND TRAN-
SITION ADMINISTRATION.— 
(1) IN GENERAL.—Part V of title 38, United 
States Code, is amended by adding at the end the 
following new chapter: 
‘‘CHAPTER 80—VETERANS ECONOMIC OP-
PORTUNITY AND TRANSITION ADMIN-
ISTRATION 
‘‘Sec. 
‘‘8001. Organization of Administration. 
‘‘8002. Functions of Administration. 
‘‘8003. Annual report to Congress. 
‘‘§ 8001. Organization of Administration 
‘‘(a) VETERANS
ECONOMIC
OPPORTUNITY
AND 
TRANSITION ADMINISTRATION.—There is in the Depart-
ment of Veterans Affairs a Veterans Economic Oppor-
tunity and Transition Administration. The primary func-
tion of the Veterans Economic Opportunity and Transi-
tion Administration is the administration of the programs 
of the Department that provide assistance related to eco-
nomic opportunity to veterans and their dependents and 
survivors. 
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38, United States Code, as added by subsection (a), may 
not exceed— 
(1) 34,228 in fiscal year 2025; and 
(2) 35,417 in fiscal year 2026. 
(d) LABOR RIGHTS.—Any labor rights, inclusion in 
the bargaining unit, and collective bargaining agreement 
that affects an employee of the Department of Veterans 
Affairs who is transferred to the Veterans Economic Op-
portunity and Transition Administration, as established 
under chapter 80 of title 38, United States Code, as added 
by subsection (a), shall apply in the same manner to such 
employee after such transfer. 
SEC. 3. UNDER SECRETARY FOR VETERANS ECONOMIC OP-
PORTUNITY AND TRANSITION. 
(a) UNDER SECRETARY.— 
(1) IN GENERAL.—Chapter 3 of title 38, United 
States Code, is amended by inserting after section 
306 the following new section: 
‘‘§ 306A. Under Secretary for Veterans Economic Op-
portunity and Transition 
‘‘(a) UNDER SECRETARY.—There is in the Depart-
ment an Under Secretary for Veterans Economic Oppor-
tunity and Transition, who is appointed by the President, 
by and with the advice and consent of the Senate. The 
Under Secretary for Veterans Economic Opportunity and 
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Transition shall be appointed without regard to political 
affiliation or activity and solely on the basis of dem-
onstrated ability in— 
‘‘(1) information technology; and 
‘‘(2) the administration of programs within the 
Veterans Economic Opportunity and Transition Ad-
ministration or programs of similar content and 
scope. 
‘‘(b) RESPONSIBILITIES.—The Under Secretary for 
Veterans Economic Opportunity and Transition is the 
head of, and is directly responsible to the Secretary for 
the operations of, the Veterans Economic Opportunity and 
Transition Administration. 
‘‘(c) VACANCIES.—(1) Whenever a vacancy in the po-
sition of Under Secretary for Veterans Economic Oppor-
tunity and Transition occurs or is anticipated, the Sec-
retary shall establish a commission to recommend individ-
uals to the President for appointment to the position. 
‘‘(2) A commission established under this subsection 
shall be composed of the following members appointed by 
the Secretary: 
‘‘(A) Three persons representing education and 
training, vocational rehabilitation, employment, real 
estate, mortgage finance and related industries, and 
survivor benefits activities affected by the Veterans 
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Economic Opportunity and Transition Administra-
tion. 
‘‘(B) Two persons representing veterans served 
by the Veterans Economic Opportunity and Transi-
tion Administration. 
‘‘(C) Two persons who have experience in the 
management of private sector benefits programs of 
similar content and scope to the economic oppor-
tunity and transition programs of the Department. 
‘‘(D) The Deputy Secretary of Veterans Affairs. 
‘‘(E) The chairman of the Veterans’ Advisory 
Committee on Education formed under section 3692 
of this title. 
‘‘(F) One person who has held the position of 
Under Secretary for Veterans Economic Opportunity 
and Transition, if the Secretary determines that it 
is desirable for such person to be a member of the 
commission. 
‘‘(3) A commission established under this subsection 
shall recommend at least three individuals for appoint-
ment to the position of Under Secretary for Veterans Eco-
nomic Opportunity and Transition. The commission shall 
submit all recommendations to the Secretary. The Sec-
retary shall forward the recommendations to the President 
and the Committees on Veterans’ Affairs of the Senate 
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and House of Representatives with any comments the Sec-
retary considers appropriate. Thereafter, the President 
may request the commission to recommend additional in-
dividuals for appointment. 
‘‘(4) The Assistant Secretary or Deputy Assistant 
Secretary of Veterans Affairs who performs personnel 
management and labor relations functions shall serve as 
the executive secretary of a commission established under 
this subsection.’’. 
(2) CLERICAL AMENDMENT.—The table of sec-
tions at the beginning of such chapter is amended 
by inserting after the item relating to section 306 
the following new item: 
‘‘306A. Under Secretary for Veterans Economic Opportunity and Transition.’’. 
(b) CONFORMING AMENDMENTS.—Title 38, United 
States Code, is further amended— 
(1) in section 306(c)(2), by striking subpara-
graphs (A) and (E) and redesignating subpara-
graphs (B), (C), (D), and (F), as subparagraphs (A) 
through (D), respectively; 
(2) in section 317(d)(2), by inserting after 
‘‘Under Secretary for Benefits,’’ the following: ‘‘the 
Under Secretary for Veterans Economic Opportunity 
and Transition,’’; 
(3) in section 318(d)(2), by inserting after 
‘‘Under Secretary for Benefits,’’ the following: ‘‘the 
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Under Secretary for Veterans Economic Opportunity 
and Transition,’’; 
(4) in section 516(e)(2)(C), by striking ‘‘Health 
and the Under Secretary for Benefits’’ and inserting 
‘‘Health, the Under Secretary for Benefits, and the 
Under Secretary for Veterans Economic Opportunity 
and Transition’’; 
(5) in section 541(a)(2)(B), by striking ‘‘Health 
and the Under Secretary for Benefits’’ and inserting 
‘‘Health, the Under Secretary for Benefits, and the 
Under Secretary for Veterans Economic Opportunity 
and Transition’’; 
(6) in section 542(a)(2)(B)(iii), by striking 
‘‘Health and the Under Secretary for Benefits’’ and 
inserting ‘‘Health, the Under Secretary for Benefits, 
and the Under Secretary for Veterans Economic Op-
portunity and Transition’’; 
(7) in section 544(a)(2)(B)(vi), by striking 
‘‘Health and the Under Secretary for Benefits’’ and 
inserting ‘‘Health, the Under Secretary for Benefits, 
and the Under Secretary for Veterans Economic Op-
portunity and Transition’’; 
(8) in section 709(c)(2)(A), by inserting after 
‘‘Under Secretary for Benefits,’’ the following: ‘‘the 
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Under Secretary for Veterans Economic Opportunity 
and Transition,’’; 
(9) in section 7701(a), by inserting after ‘‘as-
sistance’’ the following: ‘‘, other than assistance re-
lated to Economic Opportunity and Transition,’’; 
and 
(10) in section 7703, by striking paragraphs (2) 
and (3) and redesignating paragraphs (4) and (5) as 
paragraphs (2) and (3), respectively. 
(c) EFFECTIVE DATE.—Section 306A of title 38, 
United States Code, as added by subsection (a), and the 
amendments made by this section, shall take effect on Oc-
tober 1, 2025. 
SEC. 4. TRANSFER OF SERVICES. 
(a) REPORT TO CONGRESS.—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 Representa-
tives a report on the progress toward establishing the Vet-
erans Economic Opportunity and Transition Administra-
tion, as established under section 8001 of title 38, United 
States Code, as added by section 2, and the transition of 
the provision of services to veterans by such Administra-
tion. 
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(b) CERTIFICATION.—The Secretary of Veterans Af-
fairs may not transfer the function of providing any serv-
ices to veterans to the Veterans Economic Opportunity 
and Transition Administration, as established under sec-
tion 8001 of title 38, United States Code, as added by 
section 2, until the Secretary submits to the Committees 
on Veterans’ Affairs of the Senate and House of Rep-
resentatives certification that— 
(1) the transition of the provision of services to 
such Administration will not negatively affect the 
provision of such services to veterans; and 
(2) such services are ready to be transferred. 
(c) DEADLINE FOR CERTIFICATION.—The Secretary 
shall submit to the Committees on Veterans’ Affairs of 
the Senate and House of Representatives the certification 
required by subsection (b)— 
(1) no earlier than April 1, 2025; and 
(2) no later than September 1, 2025. 
(d) FAILURE TO CERTIFY.—If the Secretary fails to 
submit the certification required by subsection (b) by the 
date specified in subsection (c)(2), the Secretary shall sub-
mit to the Committees on Veterans’ Affairs of the Senate 
and House of Representatives a report that includes— 
(1) the reason why the certification was not 
made by such date; and 
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(2) the estimated date when the certification 
will be made. 
SEC. 5. MODIFICATION OF CERTAIN HOUSING LOAN FEES. 
The loan fee table in section 3729(b)(2) of title 38, 
United States Code, is amended by striking ‘‘November 
15, 2031’’ each place it appears and inserting ‘‘December 
27, 2031’’. 
Passed the House of Representatives April 30, 2024. 
Attest: 
KEVIN F. MCCUMBER, 
Clerk. 
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