Veterans Member Business Loan Act

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.