Restoring the VA Home Loan Program in Perpetuity Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1814 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1814

 To amend title 38, United States Code, to provide for limitations on 
the authority of the Secretary of Veterans Affairs to purchase certain 
    loans guaranteed by the Department of Veterans Affairs to avoid 
                    default, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 3, 2025

Mr. Van Orden introduced the following bill; which was referred to the 
                     Committee on Veterans' Affairs

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                                 A BILL


 
 To amend title 38, United States Code, to provide for limitations on 
the authority of the Secretary of Veterans Affairs to purchase certain 
    loans guaranteed by the Department of Veterans Affairs to avoid 
                    default, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Restoring the VA Home Loan Program 
in Perpetuity Act of 2025''.

SEC. 2. LIMITATIONS ON AUTHORITY UNDER DEPARTMENT OF VETERANS AFFAIRS 
              SERVICER PURCHASER PROGRAM.

    (a) Limitation.--Section 3732(a)(2) of title 38, United States 
Code, is amended by adding at the end the following new subparagraph:
    ``(C) During any fiscal year, the Secretary may not exercise the 
authority under subsections (A) and (B) with respect to more than an 
aggregate of 250 loans.''.
    (b) Conforming Amendment.--Section 3720(a)(5) of such title is 
amended by inserting before ``purchase'' the following: ``subject to 
the limitation under section 3732(a)(2)(C) of this title,''.
    (c) Study on Sale of Loans.--Not later than 180 days after the date 
of the enactment of this Act, the Secretary of Veterans Affairs shall 
submit to the Committees on Veterans' Affairs of the Senate and House 
of Representatives a report containing the plan of the Secretary to 
sell to a non-Government entity each loan acquired by the Secretary 
under section 3732(a)(2) of title 38, United States Code, on or after 
May 31, 2024.
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