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HR 1266 118th Congress House Armed Forces and National Security

Building Credit Access for Veterans Act of 2023

Introduced: May 24, 2023 Introduced by: Timmons, William R. Republican · South Carolina See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Mar 23, 2023
Referred to the Subcommittee on Economic Opportunity.
Feb 28, 2023
Referred to the House Committee on Veterans' Affairs.
Feb 28, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Building Credit Access for Veterans Act of 2023

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 March 23, 2023

Referred to the Subcommittee on Economic Opportunity.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Mace, Nancy
South Carolina · May 24, 2023
 D
Levin, Mike
California · Feb 28, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1266: Building Credit Access for Veterans Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1266/
MLA
"H.R. 1266: Building Credit Access for Veterans Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1266/.
Bluebook (legal)
H.R. 1266, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1266/.
Markdown link
[H.R. 1266: Building Credit Access for Veterans Act of 2023](https://openamerica.io/bill/118-HR-1266/)
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