H.R. 507 Introduced Finance and Financial Sector

Veterans Member Business Loan Act

To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Gonzalez, Vicente [D-TX-34] Introduced January 16, 2025 Cosponsors 71 (26 R, 45 D) Latest action January 16, 2025

Summary

Veterans Member Business Loan Act
This bill excludes from credit union aggregate loan limitations member business loans made to veterans. 

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jan 16, 2025 Referred to the House Committee on Financial Services.
  2. Jan 16, 2025 Introduced in House

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