118th Congress Finance and Financial Sector
H.R. 4868: Member Business Loan Expansion Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Brian Fitzpatrick R-PAOriginal
- Brad Sherman D-CA
Who scored on this bill
- 1Vicente Gonzalez SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Vicente Gonzalez
History
- Introduced in the House by Vicente Gonzalez.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.