I 
111TH CONGRESS 
1ST SESSION H. R. 3380 
To amend the Federal Credit Union Act to advance the ability of credit 
unions to promote small business growth and economic development 
opportunities, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 29, 2009 
Mr. KANJORSKI (for himself and Mr. ROYCE) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To amend the Federal Credit Union Act to advance the 
ability of credit unions to promote small business growth 
and economic development opportunities, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
The Act may be cited as the ‘‘Promoting Lending to 
America’s Small Businesses Act of 2009’’. 
SEC. 2. LIMITS ON MEMBER BUSINESS LOANS. 
Section 107A(a) of the Federal Credit Union Act (12 
U.S.C. 1757a(a)) is amended by striking ‘‘than the lesser 
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107A(c)(1)(B) of the Federal Credit Union Act (12 
U.S.C. 1757a(c)(1)(B)) is amended— 
(1) by striking ‘‘or’’ after the semicolon at the 
end of clause (iv); 
(2) by redesignating clause (v) as clause (vi); 
and 
(3) by inserting after clause (iv) the following 
new clause: 
‘‘(v) that is made to a member, the 
proceeds of which are to be used for com-
mercial, corporate, business, farm, or agri-
cultural purposes in an underserved area if 
such extension of credit— 
‘‘(I) is made to a person or orga-
nization whose principal residence or 
place of business is located within an 
underserved area (as defined in sec-
tion 101(10)) served by the credit 
union, and is not a business, or a 
local outlet of a business, operating on 
a nationwide basis (for purposes of 
this subclause, a locally owned fran-
chise that consists only of local oper-
ations shall not be treated as a busi-
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ness operating on a nationwide basis); 
or 
‘‘(II) is secured by real property 
located within, or is intended to oper-
ate as part of a business located with-
in, such underserved area; or’’. 
(b) UNDERSERVED AREA DEFINED.—Section 101 of 
the Federal Credit Union Act (12 U.S.C. 1752) is amend-
ed— 
(1) by striking ‘‘and’’ at the end of paragraph 
(8); 
(2) by striking the period at the end of para-
graph (9) and inserting ‘‘; and’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(10) The term ‘underserved area’— 
‘‘(A) means a geographic area consisting of 
a single census tract or a group of census 
tracts, each of which— 
‘‘(i) meets the criteria for— 
‘‘(I) a low income community, as 
defined in section 45D(e) of the Inter-
nal Revenue Code of 1986; or 
‘‘(II) an investment area, as de-
fined and designated under section 
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103(16) of the Community Develop-
ment Banking and Financial Institu-
tions Act of 1994; and 
‘‘(ii) is not a tract in which 50 per-
cent or more of the resident families have 
annual incomes in excess of $75,000 (as 
adjusted periodically by the Board, at the 
discretion of the Board, to reflect changes 
in the average Consumer Price Index for 
all-urban consumers published by the De-
partment of Labor); and 
‘‘(B) notwithstanding subparagraph (A), 
includes, with respect to any Federal credit 
union, any geographic area within which such 
credit union— 
‘‘(i) has received approval to provide 
service before the date of the enactment of 
the Promoting Lending to America’s Small 
Businesses Act of 2009 from the National 
Credit Union Administration; and 
‘‘(ii) has established a service facility 
before such date of enactment.’’. 
Æ 
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