Veterans Member Business Loan Act
The Veterans Member Business Loan Act amends the Federal Credit Union Act to include loans made to veterans as a qualifying "member business loan." This change directly affects credit unions, allowing them to count such loans toward regulatory requirements for member business lending. The bill adds a new definition specifying that "member business loan" includes loans to veterans, using the standard definition of "veteran" from Title 38 of the U.S. Code. The amendment takes effect 180 days after the bill's enactment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
President
Introduced Feb 28, 2023
Last action Feb 28, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 28, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Feb 28, 2023
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
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