Credit Union Small Business Lending Act

Summary

Credit Union Small Business Lending Act - Amends the Federal Credit Union Act to exclude from the meaning of "member business loan," and thereby from specified limitations on member business loans made by a credit union, certain small business loans made in cooperation with the Small Business Administration (SBA), without regard to whether any portion of such a loan is or is not SBA-guaranteed. Amends the Small Business Act to direct the SBA Administrator to implement a program to: (1) provide outreach and assistance to credit unions to increase their participation in the SBA small business loan program; (2) simplify the application process for such participation; and (3) provide a guaranty of up to 85% for loans made by credit unions to their members in underserved areas.

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Timeline

1. 29 March 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 29 March 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 29 March 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 March 2007

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 March 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 March 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 March 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 March 2007

  Open at official source

Sponsors

• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Cosponsor
• Jerry McNerney · D · Cosponsor
• David Scott · D · Cosponsor
• Rep. Filner, Bob [D-CA-51] · D · Cosponsor
• · hssm00 · Standing
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.