Veterans Member Business Loan Act
S 110, the Veterans Member Business Loan Act, amends the Federal Credit Union Act to explicitly include loans made to veterans as eligible "member business loans" at credit unions. This change directly affects veterans seeking business loans and credit unions offering such loans, by expanding eligibility under existing federal credit union rules. The bill adds a new definition in the law specifying that "veteran" means the term defined in Title 38 of the U.S. Code. The amendment takes effect 180 days after the bill becomes law.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
President
Introduced Jan 16, 2025
Last action Jan 16, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 16, 2025
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jan 16, 2025
Introduced
Introduced in Senate
upper
1 primary · 4 co-sponsors
Sponsors
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