A bill to amend title 36, United States Code, to grant a Federal charter to the Veterans Association of Real Estate Professionals, and for other purposes.

S 2964 would grant a federal charter to the Veterans Association of Real Estate Professionals (VAREP), a California-based nonprofit already recognized under IRS tax code 501(c)(19). This charter would allow VAREP to operate nationally under federal oversight while requiring it to maintain tax-exempt status and comply with strict rules, including no political activities, no stock or dividends, and no distribution of assets to members. The bill mandates VAREP focus its work on veterans' housing needs, financial literacy education, workforce development, and suicide prevention programs. VAREP must submit annual reports to Congress detailing its activities but cannot claim government endorsement for its work.