Grants a Federal charter to the Veterans Association of Real Estate Professionals.
The bill grants a Federal charter to the Veterans Association of Real Estate Professionals, a nonprofit organization organized under the laws of California. The charter includes provisions for the corporation's organization, purposes, membership, governing body, powers, and restrictions. The corporation must maintain its status as a tax-exempt organization and submit an annual report to Congress. It is prohibited from engaging in political activities, making loans to its members, and claiming governmental approval for its activities.
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