The "Timely Agreements Act" amends title 38, United States Code, to enhance resource sharing between the Department of Veterans Affairs (VA) and State Veterans Homes. It mandates that the VA Secretary must make a decision—either approval or rejection—within 60 calendar days on any proposal from a State Home to purchase pharmaceuticals or durable medical equipment from the VA. If the VA fails to act within this timeframe, the proposal is automatically deemed approved and given effect, ensuring prompt action on these critical resource requests. Furthermore, the bill requires the VA to establish and make available a standard template for such proposals within 180 days of enactment, and to enable submission through various mechanisms. Additionally, it clarifies that if a State Home provides care to an eligible veteran without an existing agreement with the VA, the absence of such an agreement shall not, in and of itself, be treated as an inspection violation or deficiency . This provision aims to prevent State Homes from being penalized for delivering necessary care while formal agreements are pending.