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LEGISLATION/H.R. 1815

VA Home Loan Program Reform Act

119-HR-1815119th CongressIntroduced Mar 3, 2025Armed Forces and National Security
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Became Public Law No: 119-31.

Sponsor

Rep. Van Orden, Derrick [R-WI-3](R-WI-3)

Summary

VA Home Loan Program Reform Act

This bill authorizes the Department of Veterans Affairs (VA) to take certain actions in cases of default on home loans under the VA home loan program and establishes a partial claim program.

First, the bill authorizes the VA to pay the holder of a loan guaranteed by the VA an amount necessary to avoid the foreclosure of the loan, provided that the holder of the loan and the veteran obligated on the loan execute documents to ensure the VA obtains a secured interest in the property covered by the loan.

The VA must prescribe loss mitigation procedures to help prevent the foreclosure of such a home loan. The VA may not take specified administrative actions (e.g., consent to the modification of loan terms) until the sequence of mitigation options has been completed.

Next, the bill establishes a five-year Partial Claim Program under which the VA may make a partial claim (purchase a portion of the indebtedness) on VA loans for primary residences that are in default or at imminent risk of default. Individuals who default on loans for which the VA has made a partial claim under this program must be liable to the VA for any loss resulting from the default.

Finally, the VA must report to Congress on its strategy to ensure that veterans who purchase homes under the VA home loan program are not at a disadvantage when attempting to secure representation by a real estate agent or broker.

Subjects

Accounting and auditingCongressional oversightGovernment lending and loan guaranteesReal estate businessVeterans' loans, housing, homeless programs

Actions (29)

Became Public Law No: 119-31.
Jul 30, 2025Library of Congress
Became Public Law No: 119-31.
Jul 30, 2025Library of Congress
Signed by President.
Jul 30, 2025Library of Congress
Signed by President.
Jul 30, 2025Library of Congress
Presented to President.
Jul 18, 2025House floor actions
Presented to President.
Jul 18, 2025Library of Congress
Message on Senate action sent to the House.
Jul 16, 2025Senate
Passed Senate without amendment by Voice Vote. (consideration: CR S4373-4374)
Jul 15, 2025Senate
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Jul 15, 2025Library of Congress
Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
Jul 15, 2025Senate
Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
Jul 15, 2025Library of Congress
Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs.
May 20, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
May 19, 2025House floor actions
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2126-2127)
May 19, 2025House floor actions
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2126-2127)
May 19, 2025Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 1815.
May 19, 2025House floor actions
Considered under suspension of the rules. (consideration: CR H2126-2129)
May 19, 2025House floor actions
Mr. Bost moved to suspend the rules and pass the bill, as amended.
May 19, 2025House floor actions
Placed on the Union Calendar, Calendar No. 77.
May 19, 2025House floor actions
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-104.
May 19, 2025House floor actions
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-104.
May 19, 2025Library of Congress
Committee Consideration and Mark-up Session Held
May 6, 2025House committee actions
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Apr 9, 2025House committee actions
Subcommittee Consideration and Mark-up Session Held
Apr 9, 2025House committee actions
Subcommittee Hearings Held
Mar 10, 2025House committee actions
Referred to the Subcommittee on Economic Opportunity.
Mar 10, 2025House committee actions
Referred to the House Committee on Veterans' Affairs.
Mar 3, 2025House floor actions
Introduced in House
Mar 3, 2025Library of Congress
Introduced in House
Mar 3, 2025Library of Congress
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