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HR 7735 117th Congress House Armed Forces and National Security Administrative law and regulatory procedures Congressional oversight Department of Veterans Affairs Government information and archives Housing finance and home ownership Veterans' loans, housing, homeless programs

Improving Access to the VA Home Loan Benefit Act of 2022

Introduced: May 12, 2022 Introduced by: Bost, Mike Republican · Illinois See on congress.gov
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 Everywhere this bill has been 21 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 27, 2022
Became Public Law No: 117-308.
Dec 27, 2022
Signed by President.
Dec 23, 2022
Presented to President.
Dec 20, 2022
Message on Senate action sent to the House.
Dec 19, 2022
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7302)
Dec 19, 2022
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Sep 15, 2022
Received in the Senate, read twice.
Sep 14, 2022
Pursuant to section 11 of H. Res. 1339, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1468, as amended; H.R. 5865; H.R. 5916, as amended; H.R. 7735, as amended; H.R. 7846; H.R. 7939, as amended; H.R. 8260, as amended; and S. 4205. (consideration: CR H7814-7822; text: CR H7819-7820)
Sep 14, 2022
Passed/agreed to in House: Pursuant to section 11 of H. Res. 1339, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1468, as amended; H.R. 5865; H.R. 5916, as amended; H.R. 7735, as amended; H.R. 7846; H.R. 7939, as amended; H.R. 8260, as amended; and S. 4205.
Sep 14, 2022
Pursuant to the provisions of H. Res. 1339, proceedings on H.R. 7735 are considered vacated.
Sep 13, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Sep 13, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 7735.
Sep 13, 2022
Considered under suspension of the rules. (consideration: CR H7768-7769; text: CR H7768)
Sep 13, 2022
Mr. Takano moved to suspend the rules and pass the bill, as amended.
Jul 19, 2022
Ordered to be Reported (Amended) by Voice Vote.
Jul 19, 2022
Committee Consideration and Mark-up Session Held.
Jul 18, 2022
Subcommittee on Economic Opportunity Discharged.
May 18, 2022
Subcommittee Hearings Held.
May 17, 2022
Referred to the Subcommittee on Economic Opportunity.
May 12, 2022
Referred to the House Committee on Veterans' Affairs.
May 12, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Improving Access to the VA Home Loan Benefit Act of 2022

This act requires the Department of Veterans Affairs (VA) to update regulations, requirements, and guidance related to appraisals for housing loans guaranteed by the VA.

Specifically, such regulations or requirements must specify when an appraisal is required, how an appraisal is to be conducted, and who is eligible to conduct an appraisal for such loans. The act also requires the VA to submit to Congress recommendations for improving the delivery times for appraisals for VA loans and to take such recommendations into consideration in prescribing its updated regulations or requirements.

The VA must also provide additional guidance for desktop appraisals, which are performed remotely using information gathered by third parties with whom a VA-approved appraiser has entered into an agreement for such appraisal. In updating such guidance, the VA must specifically take into account situations where (1) desktop appraisals provide cost savings for borrowers, and (2) a traditional appraisal requirement could cause time delays and jeopardize the completion of a transaction.

What's happening now December 27, 2022

Became Public Law No: 117-308.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1