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

HR 3240 grants a federal charter to the Veterans Association of Real Estate Professionals (VAREP), a California-based nonprofit already recognized as a veterans service organization under IRS tax law. The bill establishes specific rules for VAREP, requiring it to maintain its tax-exempt status, submit annual reports to Congress, and follow restrictions like not issuing stock, making political contributions, or claiming government authority. VAREP must continue its existing mission of supporting veterans through financial literacy programs, housing assistance (including foreclosure prevention), workforce development, and suicide awareness initiatives. This charter does not create new government benefits but formally recognizes and regulates this specific organization's federal status.