summary
Introduced
10/18/2023
10/18/2023
In Committee
10/18/2023
10/18/2023
Crossed Over
07/15/2024
07/15/2024
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
AN ACT 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.
AI Summary
This bill, the VA Home Loan Awareness Act of 2023, requires the Federal Housing Enterprises (Fannie Mae and Freddie Mac) to include a disclaimer on the Uniform Residential Loan Application (URLA) stating that if the applicant has military service, they may qualify for a VA Home Loan and should consult their lender regarding eligibility. The bill also requires the Government Accountability Office (GAO) to conduct a study within 18 months to determine if at least 80% of lenders using the URLA have included the required disclaimer.
Committee Categories
Housing and Urban Affairs
Sponsors (27)
Mike Braun (R)*,
John Boozman (R),
Sherrod Brown (D),
Ted Budd (R),
Bill Cassidy (R),
Kevin Cramer (R),
Ted Cruz (R),
John Fetterman (D),
John Hickenlooper (D),
Mark Kelly (D),
John Neely Kennedy (R),
Angus King (I),
Amy Klobuchar (D),
James Lankford (R),
Jack Reed (D),
Jacky Rosen (D),
Marco Rubio (R),
Bernie Sanders (I),
Eric Schmitt (R),
Rick Scott (R),
Kyrsten Sinema (I),
Tina Smith (D),
Thom Tillis (R),
Chris Van Hollen (D),
Raphael Warnock (D),
Peter Welch (D),
Sheldon Whitehouse (D),
Last Action
Held at the desk. (on 07/15/2024)
Bill Topics
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
- ‐ Housing Assistance for Veterans
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/3068/all-info | 10/19/2023 |
| BillText | https://www.congress.gov/118/bills/s3068/BILLS-118s3068es.pdf | 07/12/2024 |
| BillText | https://www.congress.gov/118/bills/s3068/BILLS-118s3068is.pdf | 10/25/2023 |
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