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

HR 3981 would grant 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 rules. This charter would formalize VAREP's status as a federally chartered entity under Title 36 of the U.S. Code, requiring it to maintain its tax-exempt status under the IRS Code to keep the charter. The bill outlines VAREP's purposes, including advocating for veterans' homeownership, providing financial literacy education, offering housing counseling, and connecting real estate professionals with veterans' needs, while prohibiting political activities, stock issuance, or profit distribution. This is a procedural bill focused on organizational structure, not policy changes.