FAIR Veterans Act of 2025

Bill: 119-hr-2963
Sponsor: full_name: Rep. Takano, Mark [D-CA-39]
Introduced: 2025-04-17
Policy area: Armed Forces and National Security
Latest action: action_date: 2025-04-17
text: Referred to the House Committee on Veterans' Affairs.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 2963 IN THE HOUSE OF REPRESENTATIVES April 17, 2025 Mr. Takano introduced the following bill; which was referred to the Committee on Veterans' Affairs A BILL To express the sense of Congress regarding the exercise by the Department of Veterans Affairs of the authority under the Veterans Affairs Servicing Purchasing program, and for other purposes.

1. Short title This Act may be cited as the Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025 or the FAIR Veterans Act of 2025 . 2. Sense of Congress regarding Department of Veterans Affairs exercise of authority under Veterans Affairs Servicing Purchasing program (a) Sense of Congress It is the sense of Congress that— (1) the foreclosure on a home purchased by a veteran with a loan guaranteed by the Department of Veterans Affairs should be the last resort; and (2) the Department should use the authority under section 3732(a)(2) of title 38, United States Code, and other authorities under the laws administered by the Secretary to help as many veterans as possible keep their homes. (b) Clarification regarding VASP program Section 3732(a)(2)(A) of title 38, United States Code, is amended by striking Before and inserting The Secretary shall carry out a program under which the Secretary may pay the holder of the obligation the unpaid balance of the obligation plus accrued interest and receive an assignment of the loan and security. To participate in the program, before .