Bill Sponsor
House Bill 7735
117th Congress(2021-2022)
Improving Access to the VA Home Loan Benefit Act of 2022
Became Law
Became Law
Became Public Law 117-308 on Dec 27, 2022
Overview
Text
Sponsor
Introduced
May 12, 2022
Latest Action
Dec 27, 2022
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7735
Congress
117
Policy Area
Armed Forces and National Security
Armed Forces and National Security
Primary focus of measure is military operations and spending, facilities, procurement and weapons, personnel, intelligence; strategic materials; war and emergency powers; veterans’ issues. Measures concerning alliances and collective security, arms sales and military assistance, or arms control may fall under International Affairs policy area.
Sponsorship by Party
Republican
Illinois
Democrat
North Carolina
Republican
Pennsylvania
House Votes (0)
Senate Votes (1)
No House votes have been held for this bill.
Summary

Improving Access to the VA Home Loan Benefit Act of 2022

This bill requires the Department of Veterans Affairs (VA) to update regulations, requirements, and guidance related to appraisals for housing loans guaranteed by the VA.

Specifically, such regulations or requirements must specify when an appraisal is required, how an appraisal is to be conducted, and who is eligible to conduct an appraisal for such loans.

The VA must also provide additional guidance for desktop appraisals, which are performed remotely using information gathered by third parties with whom a VA-approved appraiser has entered into an agreement for such appraisal. In updating such guidance, the VA must specifically take into account situations where (1) desktop appraisals provide cost savings for borrowers, and (2) a traditional appraisal requirement could cause time delays and jeopardize the completion of a transaction.

Text (4)
September 15, 2022
September 14, 2022
12/27/2022
Became Public Law No: 117-308.
12/27/2022
Signed by President.
12/23/2022
Presented to President.
12/20/2022
Message on Senate action sent to the House.
12/19/2022
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7302)
12/19/2022
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
09/15/2022
Received in the Senate, read twice.
09/14/2022
Pursuant to section 11 of H. Res. 1339, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1468, as amended; H.R. 5865; H.R. 5916, as amended; H.R. 7735, as amended; H.R. 7846; H.R. 7939, as amended; H.R. 8260, as amended; and S. 4205. (consideration: CR H7814-7822; text: CR H7819-7820)
09/14/2022
Passed/agreed to in House: Pursuant to section 11 of H. Res. 1339, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1468, as amended; H.R. 5865; H.R. 5916, as amended; H.R. 7735, as amended; H.R. 7846; H.R. 7939, as amended; H.R. 8260, as amended; and S. 4205.
09/14/2022
Pursuant to the provisions of H. Res. 1339, proceedings on H.R. 7735 are considered vacated.
09/13/2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
09/13/2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 7735.
09/13/2022
Considered under suspension of the rules. (consideration: CR H7768-7769; text: CR H7768)
09/13/2022
Mr. Takano moved to suspend the rules and pass the bill, as amended.
07/19/2022
Ordered to be Reported (Amended) by Voice Vote.
07/19/2022
Committee Consideration and Mark-up Session Held.
07/18/2022
Subcommittee on Economic Opportunity Discharged.
05/18/2022
Subcommittee Hearings Held.
05/17/2022
Referred to the Subcommittee on Economic Opportunity.
05/12/2022
Referred to the House Committee on Veterans' Affairs.
05/12/2022
Introduced in House
Public Record
Record Updated
May 11, 2023 3:43:11 PM