S. 2304: Protecting Veterans from Predatory Lending Act of 2018

115th Congress · introduced 2018-01-11 · Armed Forces and National Security · Latest: Read twice and referred to the Committee on Veterans' Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2018-01-11 · official record
Who proposed it: Sen. Tillis, Thomas [R-NC] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Veterans' Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Protecting Veterans from Predatory Lending Act of 2018

Plain summary

Protecting Veterans from Predatory Lending Act of 2018 The bill establishes mortgage loan protections for veterans. A refinanced home loan may not be guaranteed by the Department of Veterans Affairs (VA) unless: (1) a specified minimum time period has passed between the original loan and the refinancing; and (2) the lender complies with provisions related to fee recoupment, mortgage interest rates, and net tangible benefit tests. The National Housing Act is amended to prohibit the Government National Mortgage Association (Ginnie Mae) from guaranteeing a new refinanced VA loan until the later of: (1) 210 days after the first loan payment, or (2) the sixth monthly loan payment.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Protecting Veterans from Predatory Lending Act of 2018

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Tillis, Thomas [R-NC] · 13 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Elizabeth Warren (D-MA), Shelley Moore Capito (R-WV), Brian Schatz (D-HI), Dan Sullivan (R-AK), Chris Van Hollen (D-MD), Tim Scott (R-SC), Margaret Wood Hassan (D-NH), Jerry Moran (R-KS)

Sponsor's campaign money: Sen. Tillis, Thomas [R-NC] reported raising $4.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s2304.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s2304 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115