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Federal Charter Granted to Veterans Association for Housing and Financial Support.

This law grants an official Federal charter to the Veterans Association of Real Estate Professionals (VAREP). This formal recognition strengthens VAREP's ability to pursue its mission, focusing on increasing sustainable homeownership, providing financial literacy education, and spreading awareness of VA housing loans for veterans. Citizens, particularly veterans, gain access to structured programs supporting workforce development, small business mentorship, and housing stability.
Key points
The VAREP organization receives federal recognition, enhancing its credibility and capacity to assist veterans with housing and financial needs.
Veterans and their families gain access to free educational programs covering financial literacy, foreclosure prevention, and small business development.
The organization must maintain tax-exempt status and adhere to strict rules, including a ban on political activity and distribution of income to officers.
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Expired
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Additional Information
Print number: 118_S_2964
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2023-09-28
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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

A bill to amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2964.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-09-28.

What are the main provisions?

Key points include:

  • The VAREP organization receives federal recognition, enhancing its credibility and capacity to assist veterans with housing and financial needs.
  • Veterans and their families gain access to free educational programs covering financial literacy, foreclosure prevention, and small business development.
  • The organization must maintain tax-exempt status and adhere to strict rules, including a ban on political activity and distribution of income to officers.
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 Sen. Cardin, Benjamin L. [D-MD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Benefits Real Estate Economy