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H.R. 3694

U.S. House•In House Committee

Summary

H.R. 3694, the VALID Act of 2025, was introduced in the House on Jun 3, 2025 by Rep. Brittany Pettersen (D) with 94 co-sponsors. It was referred to Financial Services, and last saw action on Jun 3, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.R. 3694 has 94 co-sponsors.

hb3694/introduced-in-house.txt
119 HR 3694 IH: VA Loan Informed Disclosure Act of 2025
 U.S. House of Representatives
 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.
 I  119th CONGRESS  1st Session  H. R. 3694  IN THE HOUSE OF REPRESENTATIVES   June 3, 2025   Ms. Pettersen  (for herself,  Ms. Hageman ,  Ms. Williams of Georgia , and  Mrs. Kim ) introduced the following bill; which was referred to the  Committee on Financial Services    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 the   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 title 13 of the Housing and Community Development Act of 1992 ( 12 U.S.C. 4541 et seq. ) is amended by adding at the end the following:
1329.
Uniform Residential Loan Application
The Director shall, not later than 6 months after the date of the enactment of this section, require each enterprise to—
(1)
include a military service question on the form known as the Uniform Residential Loan Application; and
(2)
position such question above the signature line of the Uniform Residential Loan Application.
 .
(b)
Rulemaking
The Director of the Federal Housing Finance Agency shall, not later than 6 months after the date of the enactment of this section, 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 House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

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

Rep. Brittany Pettersen (D) sponsors H.R. 3694, and 94 members have co-sponsored it, 3 of them from the day it was introduced.

Committees

H.R. 3694 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Jun 3, 2025 · 559 Bills

Actions

H.R. 3694 has taken 2 actions since Jun 3, 2025.

ChamberAction
Jun 3, 2025
House
Introduced in House
Jun 3, 2025
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 3694 has not gone to a roll call.

1 bill is related to H.R. 3694.

Titles

H.R. 3694 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
  • 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

9 clients hired 10 firms and 88 registered lobbyists who named H.R. 3694 in 35 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, Financial Institutions/Investments/Securities, Veterans, Taxation/Internal Revenue Code, Banking, Immigration, Budget/Appropriations, Government Issues.

Clients

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

ClientBusinessStateFirmsFilingsReported
HOUSING POLICY COUNCILNon-profit advocacy organization for companies in the mortgage & housing industries.District of Columbia28$300K
BROKER ACTION COALITIONA trade association created for independent mortgage brokers.Pennsylvania15$400K
DISABLED AMERICAN VETERANS—District of Columbia15—
NATIONAL ASSOCIATION OF REALTORS—District of Columbia15—
MORTGAGE BANKERS ASSOCIATION—District of Columbia14—
WITH HONOR ACTION, INC.—Virginia14—
AMERICAN FEDERATION OF TEACHERS—District of Columbia12—
AMERICANS FOR PROSPERITY—Virginia11—
MILITARY OFFICERS ASSOCIATION OF AMERICASteven Strobridge, Col, Delisted for 04/26/2013 Rene Campos, CDR, Delisted for 06/17/2013Virginia11—

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
MORTGAGE BANKERS ASSOCIATION14—
WITH HONOR ACTION, INC.14—
HOUSING POLICY COUNCIL13—
AMERICAN FEDERATION OF TEACHERS12—
AMERICANS FOR PROSPERITY11—
MILITARY OFFICERS ASSOCIATION OF AMERICA11—

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 88.

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
MILITARY OFFICERS ASSOCIATION OF AMERICAMILITARY OFFICERS ASSOCIATION OF AMERICA2026 second_quarter$854.4K2nd Quarter - Report
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2026 first_quarter$770K1st Quarter - Report
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2025 fourth_quarter$710K4th Quarter - Report
AMERICANS FOR PROSPERITYAMERICANS FOR PROSPERITY2026 first_quarter$700K1st Quarter - Report
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2025 second_quarter$600K2nd Quarter - Report
MORTGAGE BANKERS ASSOCIATIONMORTGAGE BANKERS ASSOCIATION2025 third_quarter$560K3rd Quarter - Report
AMERICAN FEDERATION OF TEACHERSAMERICAN FEDERATION OF TEACHERS2026 first_quarter$490K1st Quarter - Report
AMERICAN FEDERATION OF TEACHERSAMERICAN FEDERATION OF TEACHERS2026 second_quarter$410K2nd Quarter - Report
HOUSING POLICY COUNCILHOUSING POLICY COUNCIL2026 first_quarter$270K1st Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2026 first_quarter$175.9K1st Quarter - Report
HOUSING POLICY COUNCILHOUSING POLICY COUNCIL2025 fourth_quarter$170K4th Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2025 fourth_quarter$161.3K4th Quarter - Report
HOUSING POLICY COUNCILHOUSING POLICY COUNCIL2026 second_quarter$150K2nd Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2026 second_quarter$149.2K2nd Quarter - Report
DISABLED AMERICAN VETERANSDISABLED AMERICAN VETERANS2025 third_quarter$141.4K3rd Quarter - Report

Classification

The Congressional Research Service files H.R. 3694 under Housing and Community Development, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3694’s is Housing and Community Development.

hr3694/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

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 3694, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 94 (Tuesday, June 3, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PETTERSEN:H.R. 3694.Congress has the power to enact this legislation pursuantto the following:Article 1; Section 8[Page H2420]

Source: congress.gov · legiscan.com