VA Home Loan GRACE Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2723 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2723 To amend title 38, United States Code, to increase the maximum guaranty amount for loans made to certain veterans under the laws administered by the Secretary of Veterans Affairs, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 8, 2025 Mr. Kennedy of New York (for himself and Ms. Brownley) introduced the following bill; which was referred to the Committee on Veterans' Affairs _______________________________________________________________________ A BILL To amend title 38, United States Code, to increase the maximum guaranty amount for loans made to certain veterans under the laws administered by the Secretary of Veterans Affairs, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Veteran Affairs Home Loan Guaranty Resiliency And Concurrency Enhancement Act of 2025'' or the ``VA Home Loan GRACE Act of 2025''. SEC. 2. BASIC PROVISIONS RELATING TO LOAN GUARANTY AND INSURANCE. (a) In General.--Section 3703(a)(1) of title 38, United States Code, is amended-- (1) in subparagraph (A)-- (A) by striking ``Any'' and inserting ``Except as provided in subparagraphs (C) and (D), any''; and (B) by striking ``the lesser of'' and all that follows through the period at the end of clause (ii) and inserting ``the lesser of the maximum guaranty or the maximum amount of guaranty entitlement available to the veteran, as specified in the table in subparagraph (B).''; (2) by striking subparagraph (B) and inserting the following new subparagraph (B): ``(B) The table referred to in subparagraph (A) is as follows: --------------------------------------------------------------------------------------------------