To amend title 38, United States Code, to require the Secretary of Veterans Affairs to submit to Congress a quarterly report on housing loans insured, guaranteed, or under laws administered by the Secretary, and for other purposes.

Bill Number: H.R. 7150
Origin Chamber: House
Congress: 119th Congress, Session 2
Policy Area: Armed Forces and National Security
Status: Introduced
Latest Action: 2026-02-24: Forwarded by Subcommittee to Full Committee by Voice Vote.
Last Updated: 2026-02-04T09:07:20Z

AI-Generated Summary

Purpose This legislation amends title 38 of the United States Code to require the Secretary of Veterans Affairs to provide Congress with quarterly reports on the administration of housing loan benefits for veterans, in addition to the existing annual report.

Key Provisions

The bill modifies Section 3736 by labeling the current annual report requirement as subsection (a).
It adds a new subsection (b) mandating that the Secretary submit a quarterly report to the House and Senate Committees on Veterans' Affairs.
Each quarterly report must cover the prior three-month period and include:
The total number of housing loans insured, guaranteed, or made by the Secretary.
The number of applications for these housing loan benefits that were denied.
The number of such loans refinanced under specific sections of the law (section 3710(a)(8) or section 3712).
The number of veterans with mortgage payments at least 60 days late and at least 90 days late.
The number of full-time employees in the VA Home Loan Guaranty Service (or any successor office).

Significant Changes to Existing Law The primary change is the addition of a mandatory quarterly reporting requirement to the previously annual reporting obligation under Section 3736. This increases the frequency of data submission to Congress without altering the substance of the underlying housing loan program.

Potential Impacts

On government agencies: The Department of Veterans Affairs will need to compile and submit more frequent data, which may require adjustments to internal tracking systems and staffing.
On citizens: Veterans using VA-backed housing loans could see indirect benefits from heightened congressional oversight, though the bill does not change eligibility or loan terms.
On international relations: No direct effects are indicated.

Main Stakeholders Affected

The Secretary of Veterans Affairs and the Department of Veterans Affairs.
The House and Senate Committees on Veterans' Affairs.
Veterans who apply for or receive VA housing loans.
Congress as the recipient of the new reports.

Notable Legal, Constitutional, or Political Implications The bill focuses on administrative reporting requirements and does not raise apparent constitutional concerns. It promotes greater transparency and accountability in the VA housing loan program by providing Congress with more timely information on loan volumes, denials, refinances, delinquencies, and staffing levels.

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Whitesides, George [D-CA-27]

Recent Actions

2026-02-24: Forwarded by Subcommittee to Full Committee by Voice Vote.
2026-02-24: Subcommittee Consideration and Mark-up Session Held
2026-01-29: Referred to the Subcommittee on Economic Opportunity.
2026-01-20: Referred to the House Committee on Veterans' Affairs.
2026-01-20: Introduced in House
2026-01-20: Introduced in House

Bill Versions

To amend title 38, United States Code, to require the Secretary of Veterans Affairs to submit to Congress a quarterly report on housing loans insured, guaranteed, or under laws administered by the Secretary, and for other purposes. — issued 2026-01-20 — PDF (3 pages)