To amend title 38, United States Code, to require the Secretary of Veterans Affairs to submit to Congress a quarterly report on housing loans insured, guaranteed, or under laws administered by the Secretary, and for other purposes.
To amend title 38, United States Code, to require the Secretary of Veterans Affairs to submit to Congress a quarterly report on housing loans insured, guaranteed, or under laws administered by the Secretary, and for other purposes.
Plain Language Summary
# HR 7150 Summary **What the Bill Would Do:** This bill would require the Secretary of Veterans Affairs to provide Congress with quarterly reports (four times per year) on housing loans that the VA insures, guarantees, or administers. These reports would give lawmakers detailed information about the VA's housing loan programs and how they're being used. **Who It Affects:** The bill primarily affects Congress (which would receive the reports) and the Veterans Affairs Department (which would prepare them).
Indirectly, it could benefit veterans by increasing congressional oversight of VA housing loan programs, which help veterans purchase homes with favorable terms. **Current Status:** The bill was introduced by Representative George Whitesides (D-CA) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full House of Representatives. The bill contains no other major provisions beyond the reporting requirement.
Latest Action
Forwarded by Subcommittee to Full Committee by Voice Vote.