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HR 8758 117th Congress House Armed Forces and National Security

Building Credit Access for Veterans Act of 2022

Introduced: August 30, 2022 Introduced by: Levin, Mike Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 30, 2022
Referred to the House Committee on Veterans' Affairs.
Aug 30, 2022
Introduced in House
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 Plain-English summary Congressional Research Service

Building Credit Access for Veterans Act of 2022

This bill requires the Department of Veterans Affairs (VA) to implement a pilot program to assess the feasibility and advisability of using alternative credit scoring information or models to improve the determination of creditworthiness of certain individuals and to increase the number of such individuals who are able to obtain VA housing and small business loans. Specifically, the program is for veterans or members of the Armed Forces who are eligible for VA housing or small business loans and have insufficient credit history.

Under the program, the VA must assess the feasibility and advisability of establishing criteria for acceptable commercially available credit scoring models to be used by lenders for the purpose of guaranteeing or insuring a VA housing or small business loan.

Participation is voluntary on an opt-in basis for lenders, borrowers, and individuals.

The VA must conduct outreach to lenders and individuals to inform them of the pilot program.

What's happening now August 30, 2022

Referred to the House Committee on Veterans' Affairs.

 Related & companion bills 1
  • S 1838 Related bill Building Credit Access for Veterans Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Donalds, Byron
Florida · Nov 10, 2022
 R
Timmons, William R.
South Carolina · Aug 30, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8758: Building Credit Access for Veterans Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8758/
MLA
"H.R. 8758: Building Credit Access for Veterans Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8758/.
Bluebook (legal)
H.R. 8758, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8758/.
Markdown link
[H.R. 8758: Building Credit Access for Veterans Act of 2022](https://openamerica.io/bill/117-HR-8758/)
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