Introduced:
Jan 16, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
2
Actions
4
Cosponsors
1
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 16, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summaries (1)
Introduced in Senate
- Jan 16, 2025
00
<p><strong>Veterans Member Business Loan Act</strong></p><p>This bill excludes from credit union aggregate loan limitations member business loans made to veterans. </p>
Actions (2)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Type: IntroReferral
| Source: Senate
Jan 16, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Jan 16, 2025
Subjects (1)
Finance and Financial Sector
(Policy Area)
Cosponsors (4)
(D-RI)
Apr 30, 2025
Apr 30, 2025
(D-OR)
Mar 25, 2025
Mar 25, 2025
(D-DE)
Mar 12, 2025
Mar 12, 2025
(D-HI)
Jan 16, 2025
Jan 16, 2025
Full Bill Text
Length: 2,048 characters
Version: Introduced in Senate
Version Date: Jan 16, 2025
Last Updated: Nov 15, 2025 6:19 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 110 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 110
To amend the Federal Credit Union Act to exclude extensions of credit
made to veterans from the definition of a member business loan.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
January 16, 2025
Mr. Sullivan (for himself and Ms. Hirono) introduced the following
bill; which was read twice and referred to the Committee on Banking,
Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Federal Credit Union Act to exclude extensions of credit
made to veterans from the definition of a member business loan.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 110 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 110
To amend the Federal Credit Union Act to exclude extensions of credit
made to veterans from the definition of a member business loan.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
January 16, 2025
Mr. Sullivan (for himself and Ms. Hirono) introduced the following
bill; which was read twice and referred to the Committee on Banking,
Housing, and Urban Affairs
_______________________________________________________________________
A BILL
To amend the Federal Credit Union Act to exclude extensions of credit
made to veterans from the definition of a member business loan.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Veterans Member Business Loan Act''.
SEC. 2.
(a) In General.--
Section 107A
(c) of the Federal Credit Union Act
(12 U.
(c) of the Federal Credit Union Act
(12 U.S.C. 1757a
(c) ) is amended--
(1) in paragraph
(1)
(B) --
(A) in clause
(iv) , by striking ``or'' at the end;
(B) in clause
(v) , by striking the period at the
end and inserting ``; or''; and
(C) by adding at the end the following:
``
(vi) made to a veteran;'';
(2) in paragraph
(2)
(B)
(ii) , by striking ``and'' at the
end;
(3) in paragraph
(3) , by striking the period at the end and
inserting ``; and''; and
(4) by adding at the end the following:
``
(4) the term `veteran' has the meaning given the term in
(12 U.S.C. 1757a
(c) ) is amended--
(1) in paragraph
(1)
(B) --
(A) in clause
(iv) , by striking ``or'' at the end;
(B) in clause
(v) , by striking the period at the
end and inserting ``; or''; and
(C) by adding at the end the following:
``
(vi) made to a veteran;'';
(2) in paragraph
(2)
(B)
(ii) , by striking ``and'' at the
end;
(3) in paragraph
(3) , by striking the period at the end and
inserting ``; and''; and
(4) by adding at the end the following:
``
(4) the term `veteran' has the meaning given the term in
section 101 of title 38, United States Code.
(b) Effective Date.--The amendments made by subsection
(a) shall
take effect on the date that is 180 days after the date of enactment of
this Act.
<all>