Increasing Credit Union Lending for Business Growth Act

Bill: 119-hr-1791
Sponsor: full_name: Rep. Gonzalez, Vicente [D-TX-34]
Introduced: 2025-03-03
Policy area: Finance and Financial Sector
Latest action: action_date: 2025-03-03
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: 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 .