Veterans Member Business Loan Act
USA119th CongressHR-507| House
| Updated: 1/16/2025
Vicente Gonzalez
Democratic Representative
Texas
Cosponsors (61)
Tom Cole (Republican)Jared F. Golden (Democratic)Gilbert Ray Cisneros (Democratic)Celeste Maloy (Republican)Jennifer L. McClellan (Democratic)Chrissy Houlahan (Democratic)Darren Soto (Democratic)Elijah Crane (Republican)Patrick Ryan (Democratic)David Scott (Democratic)Terri A. Sewell (Democratic)Steven Horsford (Democratic)J. Luis Correa (Democratic)Dina Titus (Democratic)Andy Biggs (Republican)Andrea Salinas (Democratic)Shri Thanedar (Democratic)Thomas Massie (Republican)Ted Lieu (Democratic)Thomas H. Kean (Republican)Sheila Cherfilus-McCormick (Democratic)André Carson (Democratic)Stephen F. Lynch (Democratic)Jill N. Tokuda (Democratic)Joseph D. Morelle (Democratic)Suhas Subramanyam (Democratic)Raja Krishnamoorthi (Democratic)Nicholas A. Langworthy (Republican)Josh Harder (Democratic)John H. Rutherford (Republican)Brad Sherman (Democratic)Henry Cuellar (Democratic)Nicholas J. Begich (Republican)Pat Harrigan (Republican)Josh Riley (Democratic)Jim Costa (Democratic)Joe Neguse (Democratic)Gabe Evans (Republican)Michael K. Simpson (Republican)David G. Valadao (Republican)James P. McGovern (Democratic)Julia Brownley (Democratic)Cleo Fields (Democratic)Seth Magaziner (Democratic)Sarah McBride (Democratic)Brian K. Fitzpatrick (Republican)Deborah K. Ross (Democratic)Juan Ciscomani (Republican)Suzanne Bonamici (Democratic)Burgess Owens (Republican)Chuck Edwards (Republican)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)George Whitesides (Democratic)Harold Rogers (Republican)Jack Bergman (Republican)Ryan Mackenzie (Republican)Herbert C. Conaway (Democratic)Gerald E. Connolly (Democratic)Cory Mills (Republican)Nicole Malliotakis (Republican)
Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill, titled the "Veterans Member Business Loan Act," proposes to amend the Federal Credit Union Act to modify the definition of a member business loan. The primary goal is to exclude certain extensions of credit from this definition, specifically those made to veterans. The amendment adds a new clause to section 107A(c)(1)(B) of the Act, stipulating that any loan made to a veteran will not be considered a member business loan. For the purposes of this Act, the term "veteran" is defined according to section 101 of title 38, United States Code. These changes are set to take effect six months after the bill's enactment.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
Veterans Member Business Loan Act
USA119th CongressHR-507| House
| Updated: 1/16/2025
This bill, titled the "Veterans Member Business Loan Act," proposes to amend the Federal Credit Union Act to modify the definition of a member business loan. The primary goal is to exclude certain extensions of credit from this definition, specifically those made to veterans. The amendment adds a new clause to section 107A(c)(1)(B) of the Act, stipulating that any loan made to a veteran will not be considered a member business loan. For the purposes of this Act, the term "veteran" is defined according to section 101 of title 38, United States Code. These changes are set to take effect six months after the bill's enactment.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Vicente Gonzalez
Democratic Representative
Texas
Cosponsors (61)
Tom Cole (Republican)Jared F. Golden (Democratic)Gilbert Ray Cisneros (Democratic)Celeste Maloy (Republican)Jennifer L. McClellan (Democratic)Chrissy Houlahan (Democratic)Darren Soto (Democratic)Elijah Crane (Republican)Patrick Ryan (Democratic)David Scott (Democratic)Terri A. Sewell (Democratic)Steven Horsford (Democratic)J. Luis Correa (Democratic)Dina Titus (Democratic)Andy Biggs (Republican)Andrea Salinas (Democratic)Shri Thanedar (Democratic)Thomas Massie (Republican)Ted Lieu (Democratic)Thomas H. Kean (Republican)Sheila Cherfilus-McCormick (Democratic)André Carson (Democratic)Stephen F. Lynch (Democratic)Jill N. Tokuda (Democratic)Joseph D. Morelle (Democratic)Suhas Subramanyam (Democratic)Raja Krishnamoorthi (Democratic)Nicholas A. Langworthy (Republican)Josh Harder (Democratic)John H. Rutherford (Republican)Brad Sherman (Democratic)Henry Cuellar (Democratic)Nicholas J. Begich (Republican)Pat Harrigan (Republican)Josh Riley (Democratic)Jim Costa (Democratic)Joe Neguse (Democratic)Gabe Evans (Republican)Michael K. Simpson (Republican)David G. Valadao (Republican)James P. McGovern (Democratic)Julia Brownley (Democratic)Cleo Fields (Democratic)Seth Magaziner (Democratic)Sarah McBride (Democratic)Brian K. Fitzpatrick (Republican)Deborah K. Ross (Democratic)Juan Ciscomani (Republican)Suzanne Bonamici (Democratic)Burgess Owens (Republican)Chuck Edwards (Republican)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)George Whitesides (Democratic)Harold Rogers (Republican)Jack Bergman (Republican)Ryan Mackenzie (Republican)Herbert C. Conaway (Democratic)Gerald E. Connolly (Democratic)Cory Mills (Republican)Nicole Malliotakis (Republican)
Financial Services Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted