To amend the National Housing Act to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the National Housing Act to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers., changes federal law or congressional policy affecting veterans and veterans service providers. The main policy domain is Veterans Affairs, Finance, Immigration.
Who Benefits and How
veterans and veterans service providers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, veterans and veterans service providers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H365385EFDD064B2782F4C48A03011847: 1. Short title This Act may be cited as the VA Loan Informed Disclosure Act of 2023 or the VALID Act of 2023.
- Section H65BFBB0E40B042299654AAB23330105B: 2. FHA Informed Consumer Choice Disclosure Subparagraph (A) of section 203(f)(2) of the National Housing Act (12 U.S.C. 1709(f)(2)(A)) is amended— by inserting...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the National Housing Act to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers., changes federal law or congressional policy affecting veterans and veterans service providers.
Key Policy Areas
Veterans Affairs, Finance, Immigration
Primary Purpose
This bill, To amend the National Housing Act to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers., changes federal law or congressional policy affecting veterans and veterans service providers.
Policy Domains
Whole bill
Identified Gains
- veterans and veterans service providers
Identified Costs
- federal implementing agencies
- veterans and veterans service providers
Sponsors
Legislative Progress
IntroducedMr. Kilmer (for himself, Ms. Pettersen, Ms. Hageman, Mr. Bergman, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology