To amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals.

Q: What does Preamble of To amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals. do?

This bill aims to amend title 36 of the United States Code The amendment would grant a Federal charter to the Veterans Association of Real Estate Professionals The bill was introduced in the House of Representatives

Q: What does GRANT OF FEDERAL CHARTER TO VETERANS ASSOCIATION OF REAL of To amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals. do?

This section amends title 36 of the United States Code to grant a federal charter to the Veterans Association of Real Estate Professionals. The Veterans Association of Real Estate Professionals must be a nonprofit organization meeting requirements for a veterans service organization under section 501(c)(19) of the Internal Revenue Code of 1986 and organized under the laws of California. The corporation's purposes include advocating for sustainable homeownership, providing financial literacy education, and increasing economic opportunities for veterans. The corporation's purposes also include establishing facilities to assist veterans with financial literacy, workforce development, small business incubation, housing assistance, and suicide awareness. The corporation's powers are limited to those provided in its bylaws and articles of incorporation. The corporation is restricted from issuing stock, distributing income to directors or officers, engaging in political activities, or making loans to directors, officers, or members. The corporation must maintain its tax-exempt status under the Internal Revenue Code of 1986 to maintain its federal charter. The corporation is required to keep records of account, minutes of proceedings, and member information, and make its charter documents and bylaws available on a website. The corporation must submit an annual report on its activities to Congress.

Last updated: 6/12/2025 · Introduced: 6/12/2025

Author: Susie Lee (D-NV)

TL;DR (AI)

The bill grants a Federal charter to the Veterans Association of Real Estate Professionals, a nonprofit organization that must meet specific requirements under the Internal Revenue Code of 1986.
The corporation's purposes include advocating for sustainable homeownership, providing financial literacy education, and increasing economic opportunities for veterans, as well as establishing facilities to assist veterans with various forms of support.
The corporation is subject to certain restrictions and requirements, including maintaining its tax-exempt status, keeping detailed records, and submitting an annual report on its activities to Congress.

119th Congressin committeeOfficial page

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Includes provisions on preamble, grant of federal charter to veterans association of real.

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