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.
Introduced
5 November 1999
Last action
—
Status
Read twice and referred to the Committee on Banking.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
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).
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 5 November 1999
Introduced in Senate (PDF)
Introduced in Senate · EN · 5 November 1999
Introduced in Senate
summary · EN · 5 November 1999
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/106th-congress/senate-bill/1872
- Open data entity: https://api.congress.gov/v3/bill/106/s/1872