[Congressional Record Volume 170, Number 115 (Thursday, July 11, 2024)]
[Senate]
[Page S5147]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   VA HOME LOAN AWARENESS ACT OF 2023

  Mr. WHITEHOUSE. Mr. President, I ask unanimous consent that the 
Committee on Banking, Housing, and Urban Affairs be discharged from 
further consideration of S. 3068 and the Senate proceed to its 
immediate consideration.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The senior assistant legislative clerk read as follows:

       A bill (S. 3068) to require each enterprise to include on 
     the Uniform Residential Loan Application a disclaimer to 
     increase awareness of the direct and guaranteed home loan 
     programs of the Department of Veterans Affairs, and for other 
     purposes.

  There being no objection, the committee was discharged, and the 
Senate proceeded to consider the bill.
  Mr. WHITEHOUSE. I ask unanimous consent that the bill be considered 
read a third time and passed and that the motion to reconsider be 
considered made and laid upon the table.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 3068) was ordered to be engrossed for a third reading, 
was read the third time, and passed as follows:

                                S. 3068

       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 ``VA Home Loan Awareness Act 
     of 2023''.

     SEC. 2. MILITARY SERVICE QUESTION.

       (a) In General.--Subpart A of part 2 of the Federal Housing 
     Enterprises Financial Safety and Soundness Act of 1992 (12 
     U.S.C. 4541 et seq.) is amended by adding at the end the 
     following:

     ``SEC. 1329. UNIFORM RESIDENTIAL LOAN APPLICATION.

       ``Not later than 6 months after the date of enactment of 
     this section, the Director shall, by regulation or order, 
     require each enterprise to include a disclaimer below the 
     military service question on the form known as the Uniform 
     Residential Loan Application stating, `If yes, you may 
     qualify for a VA Home Loan. Consult your lender regarding 
     eligibility.'.''.
       (b) GAO Study.--Not later than 18 months after the date of 
     enactment of this Act, the Comptroller General of the United 
     States shall conduct a study and submit to Congress a report 
     on whether not less than 80 percent of lenders using the 
     Uniform Residential Loan Application have included on that 
     form the disclaimer required under section 1329 of the 
     Federal Housing Enterprises Financial Safety and Soundness 
     Act of 1992, as added by subsection (a).

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