HB4867: Veterans Members Business Loan Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Plain-language summary
This bill would change federal law governing credit unions by removing loans to veterans from certain lending restrictions. Currently, credit unions are limited in how much they can lend for business purposes. The bill would allow credit unions to lend more freely to veterans without counting those loans toward those limits. This could make it easier for veterans to borrow money to start or expand businesses. The bill is currently in the introductory stage and has not yet been assigned to a .
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HB4867: Veterans Members Business Loan Act
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Sponsors
Vicente Gonzalez
Primary SponsorCo-sponsors (46)
Brian Fitzpatrick
Seth Magaziner
Brad Sherman
Julia Brownley
Andy Kim