Bill · H.R. 1814· House(119-HR-1814)
Restoring the VA Home Loan Program in Perpetuity Act of 2025
- Introduced
- 3/3/2025
- Last activity
- 3/10/2025 — Subcommittee Hearings Held
- Sponsored by
- Derrick Van Orden
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the ``Restoring the VA Home Loan Program in Perpetuity Act of 2025'', seeks to amend title 38 of the United States Code. It proposes specific limitations on the authority of the Secretary of Veterans Affairs to purchase certain loans guaranteed by the Department of Veterans Affairs to avoid default. The legislation adds a cap on the number of loans the Secretary may exercise authority over during any fiscal year. Additionally, it requires a report regarding the sale of loans to non-Government entities.
Yes
Does this make what the government does easier for the public to see?+3
The bill requires the Secretary to submit a report detailing plans to sell acquired loans to non-government entities.
Does this reduce what the federal government spends?+2
The bill limits the Secretary's authority to purchase loans to avoid default, which restricts the scale of government-led loan acquisitions.
The opposite
Would veterans be better off under this, taking everything together?-2
The limitation on the Secretary's authority to purchase loans to avoid default could negatively impact the stability of veteran home loans.
Does this increase the pay, pensions or support veterans receive?-2
The cap on loan purchases could potentially limit the Secretary's ability to prevent defaults on certain veteran home loans.
Does this make housing cost less?-2
By capping the number of loans the Secretary can purchase to avoid default, the bill may limit the mechanism used to stabilize veteran home loans.
Who it would affect, and how
Potential Positive Impacts for People
-
Limits on loan purchases: The bill adds a requirement that the Secretary may not exercise authority regarding more than an aggregate of 250 loans during any fiscal year (Section 2(a)).
-
Increased transparency: The Secretary of Veterans Affairs must submit a report to the Committees on Veterans' Affairs of the Senate and House of Representatives within 180 days of enactment (Section 2(c)). This report must contain the plan to sell loans acquired under section 3732(a)(2) of title 38 to a non-Government entity (Section 2(c)).
Potential Negative Impacts for People
- No specific negative impacts are explicitly detailed in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+3
- Demographic And Interest Groups
- Good For Veterans-2
- Economy And Finance
- Reduces Government Spending+2
- National Security And Foreign Policy
- Improves Veterans Benefits-2
- Social Issues And Justice
- Improves Affordable Housing-2
- 3/10/2025
- Referred to the Subcommittee on Economic Opportunity.
- Subcommittee Hearings Held
- 3/3/2025
- Referred to the House Committee on Veterans' Affairs.
- Introduced in House