H.R. 9942 – House Our Heroes Act

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Updated July 31, 2026 at 5:21 AM UTC

The bill amends the veterans’ benefits code to give the Department of Veterans Affairs new tools for helping veterans whose VA‑guaranteed home loans are in trouble. It lets the VA offer an educational program on credit, budgeting, and loss‑mitigation options, and it allows the VA to make partial claims and approve loan modifications for certain delinquent loans without following the usual procedural steps. The changes affect veterans who have defaulted on or lost their VA‑guaranteed housing loans.

Key Provisions

The Secretary of Veterans Affairs may provide an educational course to veterans with delinquent or foreclosed VA‑guaranteed loans, covering credit‑score improvement, financial management, and loss‑mitigation options.
For loans that defaulted due to a missed payment between May 1 2025 and November 28 2026, the Secretary can make a partial claim under the existing law, bypassing the normal mandatory sequence.
The Secretary may also consent to modifications of the loan’s interest rate, payment schedule, security, or other terms for those same defaulted loans.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Veterans' Affairs.

Veterans' Affairs Committee

July 23, 2026

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HouseIntro Referral

Introduced in House

July 23, 2026

HouseIntro Referral

Referred to the House Committee on Veterans' Affairs.

Veterans' Affairs Committee

July 23, 2026

Bill Text

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Introduced in HouseIssued July 23, 2026

I

119th CONGRESS

2d Session

H. R. 9942

IN THE HOUSE OF REPRESENTATIVES

July 23, 2026

Mr. Van Orden introduced the following bill; which was referred to the Committee on Veterans' Affairs

A BILL

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.

1.

Short title

This Act may be cited as the House Our Heroes Act.

2.

Guaranteed housing loans for veterans: educational course for a veteran whose loan is delinquent or foreclosed; limited expansion of Partial Claim Program

(a)

Authority

Section 3732 of title 38, United States Code, is amended by adding at the end the following new subsection:

(e)

The Secretary may offer an educational course to a veteran whose loan guaranteed under this chapter is delinquent or foreclosed. Such a course may include information regarding—

(1)

how to improve a credit score;

(2)

how to manage finances; and

(3)

loss mitigation options available for a loan guaranteed under this chapter.

.

(b)

Authority regarding certain loans

In the case of a loan described in subsection (a) of section 3737 that the Secretary of Veterans Affairs determines is in default on the basis of a missed payment between May 1, 2025, and November 28, 2026, the Secretary, without regard to the mandatory sequence prescribed under section 3732(d) of title 38, United States Code—

(1)

may make a partial claim pursuant to such section with respect to such loan; and

(2)

may consent to the modification, with respect to rate of interest, time of payment of principal or interest or any portion thereof, security or other provisions of any note, contract, mortgage or other instrument securing a loan which has been guaranteed, insured, made or acquired under this chapter.