To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.
USA115th CongressHR-389| House
| Updated: 1/10/2017
Edward R. Royce
Republican Representative
California
Cosponsors (55)
Doug LaMalfa (Republican)F. James Sensenbrenner (Republican)John Garamendi (Democratic)Richard M. Nolan (Democratic)Jared Huffman (Democratic)Adam B. Schiff (Democratic)Joseph P. Kennedy (Democratic)Don Young (Republican)Mark Pocan (Democratic)Karen Bass (Democratic)James R. Langevin (Democratic)David N. Cicilline (Democratic)Pete Aguilar (Democratic)Paul Cook (Republican)J. Luis Correa (Democratic)Dina Titus (Democratic)Tom McClintock (Republican)Katherine M. Clark (Democratic)Tony Cárdenas (Democratic)Susan A. Davis (Democratic)Michael E. Capuano (Democratic)Lucille Roybal-Allard (Democratic)Peter A. DeFazio (Democratic)Ted Lieu (Democratic)Dan Newhouse (Republican)Walter B. Jones (Republican)Darrell Issa (Republican)Mark DeSaulnier (Democratic)Jacky Rosen (Democratic)Doris O. Matsui (Democratic)James A. Himes (Democratic)Anna G. Eshoo (Democratic)Ami Bera (Democratic)Pramila Jayapal (Democratic)Eleanor Holmes Norton (Democratic)Stephen Knight (Republican)Brad Sherman (Democratic)Bonnie Watson Coleman (Democratic)Denny Heck (Democratic)Norma J. Torres (Democratic)Tulsi Gabbard (Democratic)Salud O. Carbajal (Democratic)Ruben J. Kihuen (Democratic)Mark E. Amodei (Republican)Donald S. Beyer (Democratic)David G. Valadao (Republican)Ron Kind (Democratic)Julia Brownley (Democratic)Seth Moulton (Democratic)Linda T. Sánchez (Democratic)Nanette Diaz Barragán (Democratic)Frank Pallone (Democratic)Jimmy Gomez (Democratic)Jaime Herrera Beutler (Republican)Grace F. Napolitano (Democratic)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Credit Union Residential Loan Parity Act This bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Credit and credit marketsHousing finance and home ownershipReal estate business
To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.
USA115th CongressHR-389| House
| Updated: 1/10/2017
Credit Union Residential Loan Parity Act This bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Edward R. Royce
Republican Representative
California
Cosponsors (55)
Doug LaMalfa (Republican)F. James Sensenbrenner (Republican)John Garamendi (Democratic)Richard M. Nolan (Democratic)Jared Huffman (Democratic)Adam B. Schiff (Democratic)Joseph P. Kennedy (Democratic)Don Young (Republican)Mark Pocan (Democratic)Karen Bass (Democratic)James R. Langevin (Democratic)David N. Cicilline (Democratic)Pete Aguilar (Democratic)Paul Cook (Republican)J. Luis Correa (Democratic)Dina Titus (Democratic)Tom McClintock (Republican)Katherine M. Clark (Democratic)Tony Cárdenas (Democratic)Susan A. Davis (Democratic)Michael E. Capuano (Democratic)Lucille Roybal-Allard (Democratic)Peter A. DeFazio (Democratic)Ted Lieu (Democratic)Dan Newhouse (Republican)Walter B. Jones (Republican)Darrell Issa (Republican)Mark DeSaulnier (Democratic)Jacky Rosen (Democratic)Doris O. Matsui (Democratic)James A. Himes (Democratic)Anna G. Eshoo (Democratic)Ami Bera (Democratic)Pramila Jayapal (Democratic)Eleanor Holmes Norton (Democratic)Stephen Knight (Republican)Brad Sherman (Democratic)Bonnie Watson Coleman (Democratic)Denny Heck (Democratic)Norma J. Torres (Democratic)Tulsi Gabbard (Democratic)Salud O. Carbajal (Democratic)Ruben J. Kihuen (Democratic)Mark E. Amodei (Republican)Donald S. Beyer (Democratic)David G. Valadao (Republican)Ron Kind (Democratic)Julia Brownley (Democratic)Seth Moulton (Democratic)Linda T. Sánchez (Democratic)Nanette Diaz Barragán (Democratic)Frank Pallone (Democratic)Jimmy Gomez (Democratic)Jaime Herrera Beutler (Republican)Grace F. Napolitano (Democratic)
Financial Services Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Credit and credit marketsHousing finance and home ownershipReal estate business