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S. 1932

U.S. Senate•In Senate Committee

Summary

S. 1932, the VALID Act of 2025, was introduced in the Senate on Jun 3, 2025 by Sen. Chris Van Hollen (D) with 10 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jun 3, 2025: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 1932 has 10 co-sponsors.

sb1932/introduced-in-senate.txt
119 S1932 IS: VA Loan Informed Disclosure Act of 2025
 U.S. Senate
 2025-06-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II
 119th CONGRESS   1st Session
 S. 1932
 IN THE SENATE OF THE UNITED STATES
 June 3, 2025
  Mr. Van Hollen  (for himself and  Mr. Boozman ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs
 A BILL
To amend the National Housing Act and the Housing and Community Development Act of 1992 to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers and to require a military service question on the Uniform Residential Loan Application, and for other purposes.
1.
Short title
This Act may be cited as the   VA Loan Informed Disclosure Act of 2025   or   VALID Act of 2025  .
2.
FHA informed consumer choice disclosure
(a)
Inclusion of information relating to vA loans
Subparagraph (A) of section 203(f)(2) of the National Housing Act ( 12 U.S.C. 1709(f)(2)(A) ) is amended—
(1)
by inserting  (i)  after  loan-to-value ratio ; and
(2)
by inserting before the semicolon the following:  , and (ii) in connection with a loan guaranteed or insured under  chapter 37  of title 38, United States Code, assuming prevailing interest rates .
(b)
Rule of construction
Nothing in the amendments made by subsection (a) shall be construed to require an original lender to determine whether a prospective borrower is eligible for any loan included in the notice required under section 203(f) of the National Housing Act ( 12 U.S.C. 1709(f) ).
3.
Military service question
(a)
In general
Subpart A of part 2 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4541 et seq. ) is amended by adding at the end the following:
1329.
Uniform residential loan application
Not later than 6 months after the date of enactment of this section, the Director shall require each enterprise to—
(1)
include a military service question on the form known as the Uniform Residential Loan Application; and
(2)
position the question described in paragraph (1) above the signature line of the Uniform Residential Loan Application.
  .
(b)
Rulemaking
Not later than 6 months after the date of enactment of this Act, the Director of the Federal Housing Finance Agency shall issue a rule to carry out the amendment made by this section.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-06-03
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the National Housing Act and the Housing and Community Development Act of 1992 to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers and to require a military service question on the Uniform Residential Loan Application, and for other purposes.

Sponsors

Sen. Chris Van Hollen (D) sponsors S. 1932, and 10 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

S. 1932 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Jun 3, 2025 · 465 Bills

Actions

S. 1932 has taken 2 actions since Jun 3, 2025.

ChamberAction
Jun 3, 2025
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Jun 3, 2025
—
Introduced in Senate

Votes

S. 1932 has not gone to a roll call.

1 bill is related to S. 1932.

Titles

S. 1932 goes by 4 titles, 2 of them short titles.

  • VALID Act of 2025 — Display Title
  • VALID Act of 2025 — Short Title(s) as Introduced
  • VA Loan Informed Disclosure Act of 2025 — Short Title(s) as Introduced
  • A bill to amend the National Housing Act and the Housing and Community Development Act of 1992 to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers and to require a military service question on the Uniform Residential Loan Application, and for other purposes. — Official Title as Introduced

Lobbying

5 clients hired 5 firms and 50 registered lobbyists who named S. 1932 in 24 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Housing, Veterans, Financial Institutions/Investments/Securities, Immigration, Taxation/Internal Revenue Code, Banking, Civil Rights/Civil Liberties, Consumer Issues/Safety/Products.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
BROKER ACTION COALITIONA trade association created for independent mortgage brokers.Pennsylvania15$400K
HOUSING POLICY COUNCILNon-profit advocacy organization for companies in the mortgage & housing industries.District of Columbia15$300K
DISABLED AMERICAN VETERANS—District of Columbia15—
NATIONAL ASSOCIATION OF REALTORS—District of Columbia15—
WITH HONOR ACTION, INC.—Virginia14—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
DISABLED AMERICAN VETERANS15—
FORBES-TATE15$400K
NATIONAL ASSOCIATION OF REALTORS15—
THE SMITH-FREE GROUP, LLC15$300K
WITH HONOR ACTION, INC.14—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 50.

LobbyistFirmsClientsFilings
ALEXIA SMOKLER115
AUSTIN PEREZ115
BRYAN GREENE115
CAITLIN VANNOY115
COLETTE MASSENGALE115
EDWARD HILL115
ELAYNE WEISS115
ERIN STACKLEY115
EVAN LIDDIARD115
HELEN DEVLIN115
JEFFREY STRUNK115
JOHN CHRISTIE115
JON RETZER115
JOSEPH HARRIS115
KATHRYN CRENSHAW115
KATIE ELLIOTT115
KEISHA WILKINSON115
KELLEY WILLIAMS115
KEN FEARS115
KEVIN MCGRANN115

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL ASSOCIATION OF REALTORSNATIONAL ASSOCIATION OF REALTORS2025 second_quarter$16.1M2nd Quarter - Report
NATIONAL ASSOCIATION OF REALTORSNATIONAL ASSOCIATION OF REALTORS2025 fourth_quarter$15.9M4th Quarter - Report
NATIONAL ASSOCIATION OF REALTORSNATIONAL ASSOCIATION OF REALTORS2026 first_quarter$15.5M1st Quarter - Report
NATIONAL ASSOCIATION OF REALTORSNATIONAL ASSOCIATION OF REALTORS2026 second_quarter$14.6M2nd Quarter - Report
NATIONAL ASSOCIATION OF REALTORSNATIONAL ASSOCIATION OF REALTORS2025 third_quarter$11M3rd Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2026 first_quarter$175.9K1st Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2025 fourth_quarter$161.3K4th Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2026 second_quarter$149.2K2nd Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2025 third_quarter$141.4K3rd Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2025 second_quarter$141.4K2nd Quarter - Report
WITH HONOR ACTION, INC.WITH HONOR ACTION, INC.2026 second_quarter$140K2nd Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2026 second_quarter$80K2nd Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2026 first_quarter$80K1st Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2025 fourth_quarter$80K4th Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2025 third_quarter$80K3rd Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2025 second_quarter$80K2nd Quarter - Report
WITH HONOR ACTION, INC.WITH HONOR ACTION, INC.2025 third_quarter$70K3rd Quarter - Report
HOUSING POLICY COUNCILTHE SMITH-FREE GROUP, LLC2026 second_quarter$60K2nd Quarter - Report
HOUSING POLICY COUNCILTHE SMITH-FREE GROUP, LLC2026 first_quarter$60K1st Quarter - Report
WITH HONOR ACTION, INC.WITH HONOR ACTION, INC.2025 fourth_quarter$60K4th Quarter - Report

Classification

The Congressional Research Service files S. 1932 under Housing and Community Development, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1932’s is Housing and Community Development.

s1932/policy-areas.txt
Housing and Community DevelopmentAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com