H.R. 7388, also known as the "VA Home Loan GRACE Act of 2024," aims to amend title 38 of the United States Code to enhance the loan guaranty program for veterans. The bill proposes increasing the maximum guaranty amount for loans secured by veterans under the laws overseen by the Secretary of...
Simple Explanation
H.R. 7388 wants to help veterans by making it easier for them to borrow money for homes, offering more support from the government if something happens and they can't pay back the loan. It also says there will be a punishment if someone lies to get this help.