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United States · Bill · HR

H.R. 1646 (113th)

To amend the Federal Credit Union Act to provide an exception from the member business loan cap for loans made to aid in the recovery from a disaster.

referredUnited States· United States Congress· EN

Introduced

18 April 2013

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Amends the Federal Credit Union Act to exempt from the limit on member business loans those that are: (1) used to aid in the recovery from a major disaster declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, and (2) made within five years after such a declaration. Directs the National Credit Union Administration Board to issue regulations defining when an extension of credit aids in the recovery from a disaster.

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Documents

3 official files

Introduced in House (text)

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Sources

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