S. 3068Passed SenateHOUSING AND COMMUNITY DEVELOPMENT
VA Home Loan Awareness Act of 2023
Congressional oversight · Department of Veterans Affairs · Government lending and loan guarantees
Sponsor
Sen. Braun, Mike [R-IN]
R · IN
Key facts
Introduced: Oct 18, 2023
Chamber: Senate
Cosponsors: 26
Congress: 118th
Latest action · Jul 15, 2024
Held at the desk.
Summary
VA Home Loan Awareness Act of 2023
This bill requires Fannie Mae and Freddie Mac to include on the Uniform Residential Loan Application (i.e., Fannie Mae Form 1003/ Freddie Mac Form 65) a disclosure that (1) notifies applicants with military service that they may qualify for a Department of Veterans Affairs (VA) Home Loan, and (2) directs applicants to consult their lender regarding eligibility.
Not later than 18 months after the enactment of the bill, the Government Accountability Office must study and report on whether at least 80% of lenders using the loan application form have met this requirement.
Summary by Congressional Research Service.
Timeline
- Jul 15, 2024Held at the desk.
- Jul 15, 2024Received in the House.
- Jul 12, 2024Message on Senate action sent to the House.
- Jul 11, 2024Passed Senate without amendment by Unanimous Consent. (text: CR S5147)
- Jul 11, 2024Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Jul 11, 2024Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S5147)
- Jul 11, 2024Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
- Mar 12, 2024Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
- Oct 18, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Oct 18, 2023Introduced in Senate
Cosponsors
- Sen. Brown, Sherrod [D-OH] D-OH
- Sen. Rosen, Jacky [D-NV] D-NV
- Sen. Van Hollen, Chris [D-MD] D-MD
- Sen. Sinema, Kyrsten [I-AZ] I-AZ
- Sen. Budd, Ted [R-NC] R-NC
- Sen. Sanders, Bernard [I-VT] I-VT
- Sen. Klobuchar, Amy [D-MN] D-MN
- Sen. Whitehouse, Sheldon [D-RI] D-RI
- Sen. Tillis, Thomas [R-NC] R-NC
- Sen. Kelly, Mark [D-AZ] D-AZ
- Sen. Rubio, Marco [R-FL] R-FL
- Sen. Warnock, Raphael G. [D-GA] D-GA
- Sen. Reed, Jack [D-RI] D-RI
- Sen. King, Angus S., Jr. [I-ME] I-ME
- Sen. Welch, Peter [D-VT] D-VT
- Sen. Smith, Tina [D-MN] D-MN
- Sen. Fetterman, John [D-PA] D-PA
- Sen. Kennedy, John [R-LA] R-LA
- Sen. Hickenlooper, John W. [D-CO] D-CO
- Sen. Scott, Rick [R-FL] R-FL
- Sen. Cruz, Ted [R-TX] R-TX
- Sen. Cassidy, Bill [R-LA] R-LA
- Sen. Cramer, Kevin [R-ND] R-ND
- Sen. Lankford, James [R-OK] R-OK
- Sen. Schmitt, Eric [R-MO] R-MO
- Sen. Boozman, John [R-AR] R-AR
In the News
View official record on Congress.gov →
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