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The Department of Veterans Affairs (VA) amending its rules on VA-backed interest rate reduction refinancing loans (IRRRLs). The Economic Growth, Regulatory Relief, and Consumer Protection Act and the Protecting Affordable Mortgages for Veterans Act of 2019 outlined the circumstances in which VA may guarantee or insure refinance loans, by setting forth net tangible benefit, recoupment, and seasoning standards. The final rule would update VA’s existing IRRRL regulation to current statutory requirements. These amendments are in accordance with the President’s priorities that advance the country’s economic recovery and continue to address any necessary COVID-19 related issues. They also advance equity and support underserved, vulnerable, and marginalized communities and improve service delivery, customer experience, and reduce administrative burdens for those accessing public benefits and services.