Member Business Loan Expansion Act

Summary

Member Business Loan Expansion Act This bill revises requirements related to the terms and lending limits of certain credit union loans. Specifically, the bill (1) allows the National Credit Union Administration Board to lengthen the maturity term of certain loans made by a credit union, and (2) raises the credit limit for credit union member businesses under which such loans are excluded from overall credit union lending limits. Finally, the bill expands the definition of a community financial institution by (1) allowing insured credit unions to qualify, and (2) raising the average asset limit. (Community financial institutions are subject to reduced asset requirements for purposes of Federal Home Loan Bank membership.)

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Timeline

1. 7 September 2021

   Introduced

   Introduced in House

   Source: IntroReferral

2. 7 September 2021

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

3. 7 September 2021

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 September 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 September 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 September 2021

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 7 September 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Gonzalez, Vicente [D-TX-34] · D · Sponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Sponsor
• Rep. Aguilar, Pete [D-CA-33] · D · Cosponsor
• Rep. Torres, Norma J. [D-CA-35] · D · Cosponsor
• Rep. Bonamici, Suzanne [D-OR-1] · D · Cosponsor
• Rep. Carbajal, Salud O. [D-CA-24] · D · Cosponsor
• Carolyn Bourdeaux · D · Cosponsor
• Rep. Evans, Dwight [D-PA-3] · D · Cosponsor
• Rep. Phillips, Dean [D-MN-3] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → Member Business Loan Expansion Act