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United States · Bill · S

S. 1872 (106th)

A bill to amend the Federal Credit Union Act with respect to the definition of a member business loan.

referredUnited States· United States Congress· EN

Introduced

5 November 1999

Last action

5 November 1999 · Introduced

Status

Read twice and referred to the Committee on Banking.

Sponsors

Sen. Sessions, Jeff [R-AL], Sen. Dodd, Christopher J. [D-CT]

Subjects

Discovery layer

Source updated

14 January 2025

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Summary

Amends the Federal Credit Union Act to exclude from the definition of "member business loan" an extension of credit made to a nonprofit religious organization (thus allowing any credit union, including one based on a religious organization, to sell to other credit unions, via a loan participation agreement, any loans to a religious organization, without counting them against the member business loan cap under the Credit Union Membership Access Act).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 5 November 1999

    Introduced

    Sponsor introductory remarks on measure. (CR S14090)

    Source: IntroReferral

  2. 5 November 1999

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  3. 5 November 1999

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 5 November 1999

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 5 November 1999

    ViewDownloadOpen at official source

    Leesvertaling

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  • Introduced in Senate

    summary · EN · 5 November 1999

    Open at official source

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Sponsors

Related records

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Sources

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