VA Home Loan Program Reform Act

Bill: 119-hr-1815
Sponsor: Rep. Van Orden, Derrick [R-WI-3]
Introduced: 2025-03-03 in the House
Policy area: Armed Forces and National Security
Subjects: Accounting and auditing
Congressional oversight
Government lending and loan guarantees
Real estate business
Veterans' loans, housing, homeless programs

Summary:
action_date: 2025-03-03
text: 

VA Home Loan Program Reform Act

This bill authorizes the Department of Veterans Affairs (VA) to take certain actions in cases of default on home loans under the VA home loan program and establishes a partial claim program.

First, the bill authorizes the VA to pay the holder of a loan guaranteed by the VA an amount necessary to avoid the foreclosure of the loan, provided that the holder of the loan and the veteran obligated on the loan execute documents to ensure the VA obtains a secured interest in the property covered by the loan.

The VA must prescribe loss mitigation procedures to help prevent the foreclosure of such a home loan. The VA may not take specified administrative actions (e.g., consent to the modification of loan terms) until the sequence of mitigation options has been completed.

Next, the bill establishes a five-year Partial Claim Program under which the VA may make a partial claim (purchase a portion of the indebtedness) on VA loans for primary residences that are in default or at imminent risk of default. Individuals who default on loans for which the VA has made a partial claim under this program must be liable to the VA for any loss resulting from the default.

Finally, the VA must report to Congress on its strategy to ensure that veterans who purchase homes under the VA home loan program are not at a disadvantage when attempting to secure representation by a real estate agent or broker.


Legislative actions:
action_date: 2025-07-30
text: Became Public Law No: 119-31.
action_date: 2025-07-30
text: Became Public Law No: 119-31.
action_date: 2025-07-30
text: Signed by President.
action_date: 2025-07-30
text: Signed by President.
action_date: 2025-07-18
text: Presented to President.
action_date: 2025-07-18
text: Presented to President.
action_date: 2025-07-16
text: Message on Senate action sent to the House.
action_date: 2025-07-15
text: Passed Senate without amendment by Voice Vote. (consideration: CR S4373-4374: 4)
action_date: 2025-07-15
text: Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
action_date: 2025-07-15
text: Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
action_date: 2025-07-15
text: Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
action_date: 2025-05-20
text: Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs.
action_date: 2025-05-19
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2025-05-19
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2126-2127)
action_date: 2025-05-19
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2126-2127)
action_date: 2025-05-19
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1815.
action_date: 2025-05-19
text: Considered under suspension of the rules. (consideration: CR H2126-2129)
action_date: 2025-05-19
text: Mr. Bost moved to suspend the rules and pass the bill, as amended.
action_date: 2025-05-19
text: Placed on the Union Calendar, Calendar No. 77.
action_date: 2025-05-19
text: Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-104.
action_date: 2025-05-19
text: Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-104.
action_date: 2025-05-06
text: Committee Consideration and Mark-up Session Held
action_date: 2025-04-09
text: Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
action_date: 2025-04-09
text: Subcommittee Consideration and Mark-up Session Held
action_date: 2025-03-10
text: Subcommittee Hearings Held
action_date: 2025-03-10
text: Referred to the Subcommittee on Economic Opportunity.
action_date: 2025-03-03
text: Referred to the House Committee on Veterans' Affairs.
action_date: 2025-03-03
text: Introduced in House
action_date: 2025-03-03
text: Introduced in House

Enacted as: number: 119-31