Housing loans guaranteed by the Secretary of Veterans Affairs for Black veterans of World War II and survivors and certain direct descendants of such veterans

(a) Establishment Chapter 37 of title 38, United States Code, is amended as follows: (1) Definition Section 3701(b) of such title is amended by adding at the end the following new paragraphs: (8) The term veteran also includes, for purposes of housing loans, an individual who— (A) is Black; (B) served on active duty as a member of the Armed Forces during World War II; and (C) certifies to the Secretary that such individual was denied a specific benefit under the Servicemen's Readjustment Act of 1944 (58 Stat. 284) on the basis of race. (9) The term veteran also includes, for purposes of housing loans, an individual who— (A) is the surviving spouse, child, grandchild, or other direct descendant of a veteran described in paragraph (8); (B) certifies to the Secretary that such veteran described in paragraph (8) was denied a specific benefit under the Servicemen's Readjustment Act of 1944 (58 Stat. 284) on the basis of race; and (C) is living on the date of the enactment of the Sgt. Isaac Woodard, Jr. and Sgt. Joseph H. Maddox GI Bill Restoration Act of 2025.. (2) Basic entitlement Section 3702(a)(2)(E) of such title is amended by adding at the end the following new subparagraph: (H) Each individual— (i) described in paragraph (8) or (9) of section 3701(b) of this title; and (ii) who applies for a housing loan during the five-year period beginning on the date of the enactment of the Sgt. Isaac Woodard, Jr. and Sgt. Joseph H. Maddox GI Bill Restoration Act of 2025.. (b) Deadline The Secretary shall carry out the amendment made by this section not later than 90 days after the date of the enactment of this Act. (c) Regulations The Secretary of Veterans Affairs shall prescribe regulations to carry out the amendments made by this section. (d) GAO report Not later than one year after the deadline under subsection (b), the Comptroller General of the United States shall submit to Congress a report regarding— (1) the number of individuals who received housing loan benefits pursuant to the amendments made by this section; and (2) the total value of housing loan benefits administered by the Secretary pursuant to the amendments made by this section.