Us Congress 2025-2026 Regular Session

Us Congress House Bill HB2723 Compare Versions

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Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 2723
5	5	To amend title 38, United States Code, to increase the maximum guaranty
6	6	amount for loans made to certain veterans under the laws administered
7	7	by the Secretary of Veterans Affairs, and for other purposes.
8	8	IN THE HOUSE OF REPRESENTATIVES
9	9	APRIL8, 2025
10	10	Mr. K
11	11	ENNEDYof New York (for himself and Ms. BROWNLEY) introduced the
12	12	following bill; which was referred to the Committee on Veterans’ Affairs
13	13	A BILL
14	14	To amend title 38, United States Code, to increase the
15	15	maximum guaranty amount for loans made to certain
16	16	veterans under the laws administered by the Secretary
17	17	of Veterans Affairs, and for other purposes.
18	18	Be it enacted by the Senate and House of Representa-1
19	19	tives of the United States of America in Congress assembled, 2
20	20	SECTION 1. SHORT TITLE. 3
21	21	This Act may be cited as the ‘‘Veteran Affairs Home 4
22	22	Loan Guaranty Resiliency And Concurrency Enhancement 5
23	23	Act of 2025’’ or the ‘‘VA Home Loan GRACE Act of 6
24	24	2025’’. 7
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27	27	•HR 2723 IH
28	28	SEC. 2. BASIC PROVISIONS RELATING TO LOAN GUARANTY 1
29	29	AND INSURANCE. 2
30	30	(a) I
31	31	NGENERAL.—Section 3703(a)(1) of title 38, 3
32	32	United States Code, is amended— 4
33	33	(1) in subparagraph (A)— 5
34	34	(A) by striking ‘‘Any’’ and inserting ‘‘Ex-6
35	35	cept as provided in subparagraphs (C) and (D), 7
36	36	any’’; and 8
37	37	(B) by striking ‘‘the lesser of’’ and all that 9
38	38	follows through the period at the end of clause 10
39	39	(ii) and inserting ‘‘the lesser of the maximum 11
40	40	guaranty or the maximum amount of guaranty 12
41	41	entitlement available to the veteran, as specified 13
42	42	in the table in subparagraph (B).’’; 14
43	43	(2) by striking subparagraph (B) and inserting 15
44	44	the following new subparagraph (B): 16
45	45	‘‘(B) The table referred to in subparagraph (A) is 17
46	46	as follows: 18
47	47	‘‘Type of Loan
48	48	Maximum
49	49	Guaranty
50	50	Maximum Amount of
51	51	Guaranty Entitlement
52	52	(i)(I) Any loan of not more
53	53	than $45,000 to a veteran
54	54	who is not a covered veteran
55	55	50 percent
56	56	of the loan
57	57	$36,000
58	58	(i)(II) Any loan of not more
59	59	than $45,000 to a covered
60	60	veteran (closed before April
61	61	7, 2031)
62	62	50 percent
63	63	of the loan
64	64	50 percent of the Freddie Mac
65	65	conforming loan limit, re-
66	66	duced by the amount of enti-
67	67	tlement not restored
68	68	(i)(III) Any loan of not more
69	69	than $45,000 to a covered
70	70	veteran (closed on or after
71	71	April 7, 2031)
72	72	50 percent
73	73	of the loan
74	74	25 percent of the Freddie Mac
75	75	conforming loan limit, re-
76	76	duced by the amount of enti-
77	77	tlement not restored
78	78	(ii)(I) Any loan of more than
79	79	$45,000, but not more than
80	80	$56,250, to a veteran who is
81	81	not a covered veteran
82	82	$22,500 $36,000
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85	85	•HR 2723 IH
86	86	‘‘Type of Loan
87	87	Maximum
88	88	Guaranty
89	89	Maximum Amount of
90	90	Guaranty Entitlement
91	91	(ii)(II) Any loan of more than
92	92	$45,000, but not more than
93	93	$56,250, to a covered veteran
94	94	(closed before April 7, 2031)
95	95	$22,500 50 percent of the Freddie Mac
96	96	conforming loan limit, re-
97	97	duced by the amount of enti-
98	98	tlement not restored
99	99	(ii)(III) Any loan of more than
100	100	$45,000, but not more than
101	101	$56,250, to a covered veteran
102	102	(closed on or after April 7,
103	103	2031)
104	104	$22,500 25 percent of the Freddie Mac
105	105	conforming loan limit, re-
106	106	duced by the amount of enti-
107	107	tlement not restored
108	108	(iii)(I) Except as provided in
109	109	clause (iv)(I), in the case of
110	110	any loan of more than
111	111	$56,250, to a veteran who is
112	112	not a covered veteran
113	113	the lesser of
114	114	$36,000 or
115	115	40 percent
116	116	of the loan
117	117	$36,000
118	118	(iii)(II) Except as provided in
119	119	clause (iv)(II), in the case of
120	120	any loan of more than
121	121	$56,250, to a covered veteran
122	122	(closed before April 7, 2031)
123	123	the lesser of
124	124	$36,000 or
125	125	40 percent
126	126	of the loan
127	127	50 percent of the Freddie Mac
128	128	conforming loan limit, re-
129	129	duced by the amount of enti-
130	130	tlement not restored
131	131	(iii)(III) Except as provided in
132	132	clause (iv)(III), in the case of
133	133	any loan of more than
134	134	$56,250, to a covered veteran
135	135	(closed on or after April 7,
136	136	2031)
137	137	the lesser of
138	138	$36,000 or
139	139	40 percent
140	140	of the loan
141	141	25 percent of the Freddie Mac
142	142	conforming loan limit, re-
143	143	duced by the amount of enti-
144	144	tlement not restored
145	145	(iv)(I) Any loan of more than
146	146	$144,000 for a purpose spec-
147	147	ified in clause (1), (2), (3),
148	148	(5), (6), or (8) of section
149	149	3710(a) of this title, to a vet-
150	150	eran who is not a covered
151	151	veteran
152	152	25 percent
153	153	of the loan
154	154	25 percent of the loan
155	155	(iv)(II) Any loan of more than
156	156	$144,000 for a purpose spec-
157	157	ified in clause (1), (2), (3),
158	158	(5), (6), or (8) of section
159	159	3710(a) of this title, to a cov-
160	160	ered veteran (closed before
161	161	April 7, 2031)
162	162	25 percent
163	163	of the loan
164	164	50 percent of the Freddie Mac
165	165	conforming loan limit, re-
166	166	duced by the amount of enti-
167	167	tlement not restored
168	168	(iv)(III) Any loan of more than
169	169	$144,000 for a purpose spec-
170	170	ified in clause (1), (2), (3),
171	171	(5), (6), or (8) of section
172	172	3710(a) of this title, to a cov-
173	173	ered veteran (closed on or
174	174	after April 7, 2031)
175	175	25 percent
176	176	of the loan
177	177	25 percent of the Freddie Mac
178	178	conforming loan limit, re-
179	179	duced by the amount of enti-
180	180	tlement not restored’’;
181	181	(3) in subparagraph (C)— 1
182	182	(A) by redesignating clause (iii) as sub-2
183	183	paragraph (E); and 3
184	184	(B) by striking subparagraph (C) and in-4
185	185	serting the following: 5
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188	188	•HR 2723 IH
189	189	‘‘(C) Except as provided in subparagraph (D), when 1
190	190	two or more veterans use guaranty entitlement on a single 2
191	191	loan, the loan is automatically guaranteed by the United 3
192	192	States in an amount not to exceed the lesser of— 4
193	193	‘‘(i) the maximum guaranty as specified in the 5
194	194	table in subparagraph (B); or 6
195	195	‘‘(ii) the sum of the maximum amount of guar-7
196	196	anty entitlement available to each veteran, as cal-8
197	197	culated pursuant to the table in subparagraph (B).’’; 9
198	198	(4) by inserting after subparagraph (C) the fol-10
199	199	lowing new subparagraph (D): 11
200	200	‘‘(D)(i) Except as provided in clause (ii), if two or 12
201	201	more veterans use guaranty entitlement on a single loan 13
202	202	described in subparagraph (B)(iv), the loan is automati-14
203	203	cally guaranteed by the United States in an amount not 15
204	204	to exceed the lesser of the following: 16
205	205	‘‘(I) In the case of a loan for which— 17
206	206	‘‘(aa) at least one veteran is a covered vet-18
207	207	eran, 25 percent of the Freddie Mac con-19
208	208	forming loan limit; or 20
209	209	‘‘(bb) no veteran is a covered veteran, 25 21
210	210	percent of the loan. 22
211	211	‘‘(II) The sum of the maximum amount of 23
212	212	guaranty entitlement available to each veteran, as 24
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215	215	•HR 2723 IH
216	216	calculated pursuant to the table in subparagraph 1
217	217	(B). 2
218	218	‘‘(ii) Clause (i) shall not apply to a loan made to two 3
219	219	veterans who are married to each other if there are no 4
220	220	other obligors on the loan.’’; and 5
221	221	(5) in subparagraph (E), as redesignated by 6
222	222	paragraph (3)(A)— 7
223	223	(A) by striking ‘‘subparagraph’’ and insert-8
224	224	ing ‘‘paragraph’’; and 9
225	225	(B) by redesignating subclauses (I) and 10
226	226	(II) as clauses (i) and (ii), respectively. 11
227	227	(b) P
228	228	ENALTIES FOR FALSECERTIFICATION.—Sec-12
229	229	tion 3704(c) of such title is amended by adding at the 13
230	230	end the following new paragraph: 14
231	231	‘‘(3) Any veteran who knowingly and materially 15
232	232	makes a false certification under paragraph (1) or (2) of 16
233	233	this subsection shall be liable to the United States Govern-17
234	234	ment for a civil penalty in an amount not to exceed 18
235	235	$23,607. A penalty under this paragraph may be in addi-19
236	236	tion to any other remedy available to the Secretary. All 20
237	237	determinations necessary to carry out this paragraph shall 21
238	238	be made by the Secretary.’’. 22
239	239	(c) L
240	240	OANFEES.—The loan fee table in section 23
241	241	3729(b)(2) of such title is amended by striking ‘‘April 7, 24
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244	244	•HR 2723 IH
245	245	2023’’ each place it appears and inserting ‘‘April 7, 1
246	246	2031’’. 2
247	247	(d) E
248	248	FFECTIVEDATE.—The amendments made by 3
249	249	this Act shall take effect on the date that is 180 days 4
250	250	after the date of the enactment of this Act. 5
251	251	Æ
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