[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2963 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
                                H. R. 2963

    To express the sense of Congress regarding the exercise by the 
  Department of Veterans Affairs of the authority under the Veterans 
     Affairs Servicing Purchasing program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 17, 2025

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

_______________________________________________________________________

                                 A BILL


 
    To express the sense of Congress regarding the exercise by the 
  Department of Veterans Affairs of the authority under the Veterans 
     Affairs Servicing Purchasing program, 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 ``Foreclosure Assistance Immediately 
Reinstated for Veterans Act of 2025'' or the ``FAIR Veterans Act of 
2025''.

SEC. 2. SENSE OF CONGRESS REGARDING DEPARTMENT OF VETERANS AFFAIRS 
              EXERCISE OF AUTHORITY UNDER VETERANS AFFAIRS SERVICING 
              PURCHASING PROGRAM.

    (a) Sense of Congress.--It is the sense of Congress that--
            (1) the foreclosure on a home purchased by a veteran with a 
        loan guaranteed by the Department of Veterans Affairs should be 
        the last resort; and
            (2) the Department should use the authority under section 
        3732(a)(2) of title 38, United States Code, and other 
        authorities under the laws administered by the Secretary to 
        help as many veterans as possible keep their homes.
    (b) Clarification Regarding VASP Program.--Section 3732(a)(2)(A) of 
title 38, United States Code, is amended by striking ``Before'' and 
inserting ``The Secretary shall carry out a program under which the 
Secretary may pay the holder of the obligation the unpaid balance of 
the obligation plus accrued interest and receive an assignment of the 
loan and security. To participate in the program, before''.
                                 <all>