Bill · H.R. 3981· House(119-HR-3981)
To amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals.
- Introduced
- 6/12/2025
- Last activity
- 6/12/2025 — Referred to the House Committee on the Judiciary.
- Sponsored by
- Susie Lee
- Cosponsors
- - 3 - 9
- Introduced
- In Committee
What this bill would do
This bill proposes to amend title 36 of the United States Code to grant a Federal charter to the Veterans Association of Real Estate Professionals. This nonprofit organization is organized under the laws of the State of California and meets the requirements for a veterans service organization. The corporation's purposes include advocating for sustainable homeownership and providing various forms of assistance to veterans. It also aims to provide a forum for real estate and financial service professionals to better serve the needs of the military community. The charter includes several restrictions regarding political activities, loans, and the distribution of assets.
Yes· 3 of 10
Would veterans be better off under this, taking everything together?+7
The bill establishes a chartered organization dedicated to veteran welfare, housing, and economic opportunity.
Does this make housing cost less?+5
The bill promotes sustainable homeownership and affordable housing opportunities.
Does this increase the pay, pensions or support veterans receive?+5
The bill creates a structure to support housing, financial literacy, and welfare for veterans.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Advocacy for Homeownership: The bill aims to increase sustainable homeownership and spread awareness of housing loans guaranteed by the Secretary of Veterans Affairs (Sec. 230202(1)).
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Financial and Educational Support: The corporation is tasked with providing financial literacy education, including understanding credit (Sec. 230202(1)(B) and Sec. 230202(2)(A)).
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Housing Assistance Programs: The organization intends to establish programs regarding housing, which includes homelessness prevention, rental counseling, foreclosure prevention, and affordable housing opportunities (Sec. 230202(2)(D)).
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Economic and Workforce Development: The bill provides for increasing economic opportunities for members of the Armed Forces and veterans, as well as workforce development and small business incubation and mentorship (Sec. 230202(1)(D) and Sec. 230202(2)(B)-(C)).
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Mental Health Awareness: The purposes of the corporation include suicide awareness and prevention (Sec. 230202(2)(E)).
Potential Negative Impacts for People
-
Restrictions on Political Participation: The corporation and its officers are prohibited from contributing to, supporting, or participating in any political activity (Sec. 230206(c)).
-
Limitations on Financial Distribution: The corporation is prohibited from issuing stock or paying dividends, and its income or assets cannot be distributed to directors, officers, or members during the life of the charter (Sec. 230206(a) and Sec. 230206(b)).
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Prohibition of Loans: The corporation is not allowed to make loans to its directors, officers, employees, or members (Sec. 230206(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+7Good For Business Owners+3Good For Low Income Households+3
- Social Issues And Justice
- Improves Affordable Housing+5Reduces Homelessness+4
- Economy And Finance
- Improves Small Business Support+4Increases Job Creation+3
- Healthcare
- Improves Mental Health Access+3Improves Veterans Healthcare+2
- National Security And Foreign Policy
- Improves Veterans Benefits+5
- 7/27/2026
- 1 Cosponsor added.
- 10/24/2025
- 1 Cosponsor added.
- 9/26/2025
- 1 Cosponsor added.
- 9/2/2025
- 1 Cosponsor added.
- 7/23/2025
- 1 Cosponsor added.
- 7/16/2025
- 1 Cosponsor added.
- 7/7/2025
- 1 Cosponsor added.
- 6/26/2025
- 2 Cosponsors added.
- 6/25/2025
- 1 Cosponsor added.
- 6/24/2025
- 1 Cosponsor added.
- 6/12/2025
- Referred to the House Committee on the Judiciary.
- 1 Cosponsor added.
- Introduced in House
Nicholas BegichRepublican · Alaska
Ken CalvertRepublican · California
Donald DavisDemocrat · North Carolina
Brian FitzpatrickRepublican · Pennsylvania
Raja KrishnamoorthiDemocrat · Illinois
Jennifer KiggansRepublican · Virginia
Nick LaLotaRepublican · New York
Nicole MalliotakisRepublican · New York
Cory MillsRepublican · Florida
Deborah RossDemocrat · North Carolina
Pete SessionsRepublican · Texas
Robert WittmanRepublican · Virginia