Legis Daily

FAIR Veterans Act of 2025

USA119th CongressHR-2963| House 
| Updated: 5/12/2025
Mark Takano

Mark Takano

Democratic Representative

California

Veterans' Affairs Committee, Economic Opportunity Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation, known as the Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025, expresses the sense of Congress that home foreclosure should be a last resort for veterans with Department of Veterans Affairs (VA) guaranteed loans. It urges the VA to fully utilize its existing authorities, particularly the Veterans Affairs Servicing Purchasing (VASP) program , to help veterans retain their homes. The bill specifically amends section 3732(a)(2)(A) of title 38, United States Code, to clarify that the VA Secretary shall carry out a program under which the VA may purchase delinquent loans from holders. This action allows the VA to pay the unpaid balance and receive an assignment of the loan, thereby strengthening its ability to intervene and prevent foreclosures for eligible veterans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 7, 2025
Introduced in House
Apr 7, 2025
Sponsor introductory remarks on measure. (CR H1433)
Apr 17, 2025
Introduced in House
Apr 17, 2025
Referred to the House Committee on Veterans' Affairs.
May 12, 2025
Referred to the Subcommittee on Economic Opportunity.
  • April 7, 2025
    Introduced in House


  • April 7, 2025
    Sponsor introductory remarks on measure. (CR H1433)


  • April 17, 2025
    Introduced in House


  • April 17, 2025
    Referred to the House Committee on Veterans' Affairs.


  • May 12, 2025
    Referred to the Subcommittee on Economic Opportunity.

Armed Forces and National Security

FAIR Veterans Act of 2025

USA119th CongressHR-2963| House 
| Updated: 5/12/2025
This legislation, known as the Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025, expresses the sense of Congress that home foreclosure should be a last resort for veterans with Department of Veterans Affairs (VA) guaranteed loans. It urges the VA to fully utilize its existing authorities, particularly the Veterans Affairs Servicing Purchasing (VASP) program , to help veterans retain their homes. The bill specifically amends section 3732(a)(2)(A) of title 38, United States Code, to clarify that the VA Secretary shall carry out a program under which the VA may purchase delinquent loans from holders. This action allows the VA to pay the unpaid balance and receive an assignment of the loan, thereby strengthening its ability to intervene and prevent foreclosures for eligible veterans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 7, 2025
Introduced in House
Apr 7, 2025
Sponsor introductory remarks on measure. (CR H1433)
Apr 17, 2025
Introduced in House
Apr 17, 2025
Referred to the House Committee on Veterans' Affairs.
May 12, 2025
Referred to the Subcommittee on Economic Opportunity.
  • April 7, 2025
    Introduced in House


  • April 7, 2025
    Sponsor introductory remarks on measure. (CR H1433)


  • April 17, 2025
    Introduced in House


  • April 17, 2025
    Referred to the House Committee on Veterans' Affairs.


  • May 12, 2025
    Referred to the Subcommittee on Economic Opportunity.
Mark Takano

Mark Takano

Democratic Representative

California

Veterans' Affairs Committee, Economic Opportunity Subcommittee

Armed Forces and National Security

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted