To amend title 38, United States Code, to direct the Secretary of Veterans Affairs to provide timely equitable relief to an individual who suffers a loss based on an administrative error by the Secretary, and for other purposes.

This bill requires the Veterans Affairs (VA) Secretary to provide timely equitable relief to veterans who lose benefits due to VA administrative errors. It changes the law to make this relief mandatory ("shall" instead of "may") and sets a 120-day deadline for the VA to act after an error is confirmed. The bill also mandates that the VA must immediately cancel any debt collection agreements related to an error-based debt. It directly affects veterans who have suffered financial loss because of a VA mistake in processing benefits or claims.