HR 4867 United States House · 118th Congress

Veterans Members Business Loan Act

This bill expands eligibility for business loans at credit unions to include veterans. It amends the Federal Credit Union Act to define "member business loan" as including loans made to veterans, using the standard definition of "veteran" from Title 38 of U.S. Code. Credit unions offering these loans will now be able to serve veteran business owners under the same terms as other qualifying borrowers. The policy change directly affects veterans seeking business financing and credit unions providing such loans.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 25, 2023 Last action Jul 25, 2023
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Full legislative history

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Total actions
2
Key actions
0
Committee
1
Jul 25, 2023
Committee
Referred to the House Committee on Financial Services.
lower
Jul 25, 2023
Introduced
Introduced in House
lower
1 primary · 46 co-sponsors

Sponsors