Plain English
GovGreed Synthesis ·
This bill amends the Federal Credit Union Act to double the maximum amount of a member business loan that can be excluded from the aggregate member business loan cap for credit unions, from $50,000 to $100,000. It also amends the Federal Home Loan Bank Act to expand homeownership access, though the specific changes are not detailed in the provided text.
Market Impact Map
Action Timeline
2025-03-03
Introduced in House
2025-03-03
Referred to the House Committee on Financial Services.
2025-03-03
Introduced in House
Full Bill Text
119 HR 1791 IH: Increasing Credit Union Lending for Business Growth Act U.S. House of Representatives 2025-03-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 1791 IN THE HOUSE OF REPRESENTATIVES March 3, 2025 Mr. Vicente Gonzalez of Texas (for himself and Mr. Fitzpatrick ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Credit Union Act to provide more loan flexibility to credit unions, to amend the Federal Home Loan Bank Act to expand homeownership access, and for other purposes. 1. Short title This Act may be cited as the Increasing Credit Union Lending for Business Growth Act . 2. Expanding credit to small businesses Section 107A(c)(1)(B)(iii) of the Federal Credit Union Act ( 12 U.S.C. 1757a(c)(1)(B)(iii) ) is amended by striking $50,000 and inserting $100,000 .
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