House Our Heroes Act
To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain steps regarding a loan guaranteed under chapter 37 of such title that is delinquent or foreclosed.
This bill, HB9942, aims to change the rules for handling loans guaranteed by the Department of Veterans Affairs (VA) that become delinquent or are foreclosed upon. Currently, if a veteran defaults on a VA-guaranteed home loan, the VA can take certain actions to manage the situation. This bill seeks to clarify and possibly expand the VA's authority in these cases.
The bill would affect veterans who have taken out home loans guaranteed by the VA. If their loan becomes delinquent or they face foreclosure, the VA would have clearer guidelines on what actions it can take to manage the loan or assist the veteran. This could help veterans avoid losing their homes or provide them with more options if they are in financial trouble.
HB9942 was introduced on July 23, 2026, and has been referred to the House Committee on Veterans' Affairs for further review. This is the first step in the legislative process, and the bill is currently being considered by the committee.
