Bill > HR3981

This bill grants a federal charter to the Veterans Association of Real Estate Professionals (VAREP), a California-based nonprofit veterans service organization, by creating a new chapter in Title 36 of the United States Code. The bill establishes VAREP as a federally recognized organization with specific purposes including advocating for veteran homeownership, providing financial literacy education, increasing economic opportunities for veterans and service members, and establishing assistance facilities for veterans. The bill outlines key organizational requirements, such as prohibiting the issuance of stock or dividends, preventing political activities, and mandating that the organization maintain its tax-exempt status. VAREP must keep detailed records, submit annual reports to Congress, and cannot claim governmental approval for its activities. The organization's purposes include offering programs on financial literacy, workforce development, small business mentorship, housing counseling, and suicide awareness. Membership eligibility and governance will be determined by the organization's own articles and bylaws, but the charter can be terminated if VAREP fails to meet the specified conditions, such as maintaining its tax-exempt status or complying with the charter's provisions.

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https://www.congress.gov/bill/119th-congress/house-bill/3981/all-info