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Eliminating VA Home Loan Fees and Rescinding IRS Funding.

This bill eliminates the funding fees charged by the Department of Veterans Affairs (VA) on guaranteed home loans, resulting in significant cost savings for veterans purchasing homes. To offset this change, the legislation rescinds $4.8 billion in unspent funds previously allocated to the Internal Revenue Service (IRS).
Key points
Veterans will no longer be required to pay the VA home loan funding fee, reducing the overall cost of buying a home.
The fee elimination takes effect on October 1, 2024, years ahead of the previously scheduled expiration date.
$4.8 billion in unobligated funds designated for the IRS under the Inflation Reduction Act are canceled to finance the fee elimination.
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Expired
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Additional Information
Print number: 118_HR_9575
Sponsor: Rep. Ogles, Andrew [R-TN-5]
Process start date: 2024-09-12
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affordable Housing for Veterans Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9575.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-12.

What are the main provisions?

Key points include:

  • Veterans will no longer be required to pay the VA home loan funding fee, reducing the overall cost of buying a home.
  • The fee elimination takes effect on October 1, 2024, years ahead of the previously scheduled expiration date.
  • $4.8 billion in unobligated funds designated for the IRS under the Inflation Reduction Act are canceled to finance the fee elimination.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ogles, Andrew [R-TN-5].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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