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S. 1838 117th Congress Senate

Building Credit Access for Veterans Act of 2021

Official title: A bill to require the Secretary of Veterans Affairs to carry out a pilot program on using alternative credit scoring information for veterans and members of the Armed Forces, and for other purposes.

Introduced: May 26, 2021 Introduced by: Tim Scott Republican · South Carolina See on congress.gov
Armed Forces and National Security Congressional oversightConsumer creditGovernment information and archivesGovernment lending and loan guarantees
More subjectsShow fewer subjects
Government studies and investigationsHousing finance and home ownershipSmall businessVeterans' education, employment, rehabilitationVeterans' loans, housing, homeless programs
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 17, 2021
Committee on Veterans' Affairs. Hearings held.
May 26, 2021
Read twice and referred to the Committee on Veterans' Affairs.
May 26, 2021
Introduced in Senate
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 Latest action November 17, 2021

Committee on Veterans' Affairs. Hearings held.

 Plain-English summary Congressional Research Service

Building Credit Access for Veterans Act of 2021

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.

 Related & companion bills 1
  • HR 8758 Building Credit Access for Veterans Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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 Cosponsors 2
All 2 Democratic 2
D
Van Hollen, Chris
Maryland · Sep 6, 2022
 D
Blumenthal, Richard
Connecticut · May 26, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1838: Building Credit Access for Veterans Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1838/
MLA
"S. 1838: Building Credit Access for Veterans Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1838/.
Bluebook (legal)
S. 1838, 117th Cong. (2026), https://openamerica.io/bill/117-S-1838/.
Markdown link
[S. 1838: Building Credit Access for Veterans Act of 2021](https://openamerica.io/bill/117-S-1838/)
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