H.R. 4335 · 118th Congress

Requires FHA mortgage notices to compare costs with VA home loans

Official title: VA Loan Informed Disclosure Act of 20231

Never got a floor voteBanking and investment rules

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

Drafted by AI from the public sources cited. Each sentence links to its source.

This bill would require the Informed Consumer Choice Disclosure, a notice given to people considering a Federal Housing Administration (FHA) mortgage, to also compare rates and fees with a loan guaranteed or insured by the Department of Veterans Affairs, assuming prevailing interest rates.2,3,4 The bill states that lenders would not have to determine whether a prospective borrower is eligible for a VA loan.4

§2Status

StatusLatest action, June 23, 2023: Referred to the House Committee on Financial Services.1
IntroducedJune 23, 2023
SponsorRep. Kilmer, Derek [D-WA-6]
Cosponsors169 cosponsors (112 Democratic, 57 Republican)
Official recordH.R. 4335 on Congress.gov

§3It never got a vote

Why this matters: This bill had wide support from both parties, but it never reached the House or Senate floor, so no member of Congress was ever recorded voting for or against it.

Latest action, June 23, 2023: Referred to the House Committee on Financial Services.1 How bills die without a vote.

2026 candidates who sponsored or cosponsored it (124)