To amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals.
Sponsored By: Representative Lee (NV)
Introduced
Summary
Grants a Federal charter to the Veterans Association of Real Estate Professionals (VARP) to recognize it as a veterans service organization focused on housing, financial literacy, and economic opportunity for veterans. The bill would set governance, reporting, and tax-exempt rules the group must follow to keep the charter.
Show full summary
- Veterans and families: Creates a national veterans service group aimed at increasing sustainable homeownership, promoting awareness of VA-guaranteed loans, and offering housing education, foreclosure prevention, rental counseling, and homelessness-prevention support.
- Real estate and financial professionals: Establishes a forum for professionals to share ideas, provide mentorship, support small-business incubation, and collaborate on workforce development that targets veteran employment.
- The organization itself: Conditions the charter on maintaining 501(c)(19) tax-exempt status, following its articles and bylaws, keeping records open for member inspection, and avoiding political activity, or the charter expires.
- Congress and oversight: Requires an annual report to Congress tied to the Title 36 audit schedule so lawmakers receive regular updates on the group’s activities.
*The bill would not authorize new federal funding or program appropriations.*
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Nonprofit rules and transparency for veterans group
If enacted, the group’s board, officers, powers, and membership rules would follow its articles and bylaws. It would keep accounting records, minutes, and a list of voting members, and post its charter documents and bylaws online. Voting members could inspect records for a proper purpose. Income and assets could not benefit insiders; only reasonable pay and approved expense reimbursements would be allowed. The group could not issue stock, pay dividends, make insider loans, do political activity, or claim U.S. government approval. It would follow state service‑of‑process rules and be liable for acts of its officers and agents within their authority.
Federal charter for veterans real estate group
This bill would give a federal charter to the Veterans Association of Real Estate Professionals, a California nonprofit that qualifies as a 501(c)(19) veterans group. The charter would end if the group breaks these rules or loses tax‑exempt status, and it must stay incorporated in California. The mission would be to grow veteran homeownership, teach financial literacy and credit, and promote VA‑backed home loans. The group could offer housing, rental, and foreclosure counseling, homelessness prevention, workforce and small‑business mentoring, and suicide awareness programs with partners.
Yearly report to Congress by veterans group
The group would send Congress a yearly report on its activities. It would file this at the same time as the audit required by title 36, section 10101. The report would not be printed as a public document.
Sponsors & CoSponsors
Sponsor
Lee (NV)
NV • D
Cosponsors
Calvert
CA • R
Sponsored 6/25/2025
Krishnamoorthi
IL • D
Sponsored 6/26/2025
Kiggans (VA)
VA • R
Sponsored 6/12/2025
Fitzpatrick
PA • R
Sponsored 6/24/2025
Begich
AK • R
Sponsored 6/26/2025
Davis (NC)
NC • D
Sponsored 7/7/2025
Ross
NC • D
Sponsored 7/16/2025
Wittman
VA • R
Sponsored 7/23/2025
LaLota
NY • R
Sponsored 9/2/2025
Malliotakis
NY • R
Sponsored 9/26/2025
Mills
FL • R
Sponsored 10/24/2025
Roll Call Votes
No roll call votes available for this bill.
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