President Donald Trump will sign legislation Wednesday aimed at helping veterans receive federal assistance with their mortgages, The Daily Wire has learned.
Trump will sign the VA Home Loan Program Reform Act on Wednesday, a White House official shared with The Daily Wire. The signing will take place in the Roosevelt Room of the White House at 1:3o pm ET.
Rep. Derrick Van Orden (R-WI) originally introduced the bill in March, and the legislation passed the Senate earlier this month.
“This is going down!” Van Orden said in a post celebrating the news on Wednesday. “We are making sure that the VA Home Loan Guarantee will remain a viable program into the future so our vets can achieve the American Dream of homeownership.”
The legislation is intended to help veterans who have fallen behind on their mortgages receive federal aid: it establishes a permanent partial claims program within the VA Home Loan Program, “bringing VA in line with other federal agencies that lend money for homes and replacing the fiscally irresponsible Biden administration-era VASP program,” according to a release from Van Orden’s office.
“Under the Biden administration, the VA created the VASP program without consulting Congress, costing the American taxpayers $5.8 billion and endangering the entire VA home loan guarantee program,” Van Orden said in a statement earlier this month.
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Author: Dillon B
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