| 1 | 1 | | I |
|---|
| 2 | 2 | | 119THCONGRESS |
|---|
| 3 | 3 | | 1 |
|---|
| 4 | 4 | | STSESSION H. R. 2963 |
|---|
| 5 | 5 | | To express the sense of Congress regarding the exercise by the Department |
|---|
| 6 | 6 | | of Veterans Affairs of the authority under the Veterans Affairs Servicing |
|---|
| 7 | 7 | | Purchasing program, and for other purposes. |
|---|
| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
|---|
| 9 | 9 | | APRIL17, 2025 |
|---|
| 10 | 10 | | Mr. T |
|---|
| 11 | 11 | | AKANOintroduced the following bill; which was referred to the |
|---|
| 12 | 12 | | Committee on Veterans’ Affairs |
|---|
| 13 | 13 | | A BILL |
|---|
| 14 | 14 | | To express the sense of Congress regarding the exercise |
|---|
| 15 | 15 | | by the Department of Veterans Affairs of the authority |
|---|
| 16 | 16 | | under the Veterans Affairs Servicing Purchasing pro- |
|---|
| 17 | 17 | | gram, 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 ‘‘Foreclosure Assistance 4 |
|---|
| 22 | 22 | | Immediately Reinstated for Veterans Act of 2025’’ or the 5 |
|---|
| 23 | 23 | | ‘‘FAIR Veterans Act of 2025’’. 6 |
|---|
| 24 | 24 | | VerDate Sep 11 2014 10:38 May 02, 2025 Jkt 000000 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2963.IH H2963 |
|---|
| 25 | 25 | | mprince on LAP1J3WLY3PROD with $$_JOB 2 |
|---|
| 26 | 26 | | •HR 2963 IH |
|---|
| 27 | 27 | | SEC. 2. SENSE OF CONGRESS REGARDING DEPARTMENT OF 1 |
|---|
| 28 | 28 | | VETERANS AFFAIRS EXERCISE OF AUTHOR-2 |
|---|
| 29 | 29 | | ITY UNDER VETERANS AFFAIRS SERVICING 3 |
|---|
| 30 | 30 | | PURCHASING PROGRAM. 4 |
|---|
| 31 | 31 | | (a) S |
|---|
| 32 | 32 | | ENSE OFCONGRESS.—It is the sense of Con-5 |
|---|
| 33 | 33 | | gress that— 6 |
|---|
| 34 | 34 | | (1) the foreclosure on a home purchased by a 7 |
|---|
| 35 | 35 | | veteran with a loan guaranteed by the Department 8 |
|---|
| 36 | 36 | | of Veterans Affairs should be the last resort; and 9 |
|---|
| 37 | 37 | | (2) the Department should use the authority 10 |
|---|
| 38 | 38 | | under section 3732(a)(2) of title 38, United States 11 |
|---|
| 39 | 39 | | Code, and other authorities under the laws adminis-12 |
|---|
| 40 | 40 | | tered by the Secretary to help as many veterans as 13 |
|---|
| 41 | 41 | | possible keep their homes. 14 |
|---|
| 42 | 42 | | (b) C |
|---|
| 43 | 43 | | LARIFICATIONREGARDINGVASP PROGRAM.— 15 |
|---|
| 44 | 44 | | Section 3732(a)(2)(A) of title 38, United States Code, is 16 |
|---|
| 45 | 45 | | amended by striking ‘‘Before’’ and inserting ‘‘The Sec-17 |
|---|
| 46 | 46 | | retary shall carry out a program under which the Sec-18 |
|---|
| 47 | 47 | | retary may pay the holder of the obligation the unpaid 19 |
|---|
| 48 | 48 | | balance of the obligation plus accrued interest and receive 20 |
|---|
| 49 | 49 | | an assignment of the loan and security. To participate in 21 |
|---|
| 50 | 50 | | the program, before’’. 22 |
|---|
| 51 | 51 | | Æ |
|---|
| 52 | 52 | | VerDate Sep 11 2014 10:38 May 02, 2025 Jkt 000000 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2963.IH H2963 |
|---|
| 53 | 53 | | mprince on LAP1J3WLY3PROD with $$_JOB |
|---|