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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
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
Role
Legislator
Party
State
District
P
Vicente Gonzalez
DDemocratic
Co
Alexander X. Mooney
RRepublican
Co
André Carson
DDemocratic
Co
Andy Biggs
RRepublican
Co
Andy Kim
DDemocratic
Co
Brad Sherman
DDemocratic
Co
Brandon Williams
RRepublican
Co
Brian K. Fitzpatrick
RRepublican
Co
Cory Mills
RRepublican
Co
David G. Valadao
RRepublican
Co
David Scott
DDemocratic
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