Veterans Member Business Loan Act
This bill amends the Federal Credit Union Act to clarify that business loans made to veterans qualify as "member business loans" under existing credit union regulations. It specifically adds "made to a veteran" to the definition of such loans, aligning with the standard military veteran definition in 38 U.S.C. §101. This change directly affects federally insured credit unions that offer business loans, ensuring loans to veteran-owned businesses are counted toward regulatory requirements. The amendment does not create new funding or programs but adjusts how existing business loans are categorized.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2022
Committee Review
Floor Vote
President
Introduced Mar 10, 2022
Last action Mar 10, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 10, 2022
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 10, 2022
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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