HR 507 · in committee · significant
Veterans Member Business Loan Act
- veterans
What this bill does
- The bill allows credit unions to make larger business loans to veterans by exempting these loans from standard aggregate lending limits.
- Veterans seeking business loans from credit unions are affected by this change in lending rules.
- The bill takes effect upon enactment with no specified federal cost.
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Community Threads
Started by Cosponsor
- 01
How would exempting veterans' business loans from aggregate lending limits affect credit unions' risk management and capital requirements?
- 02
What evidence supports that credit unions currently deny qualified veteran entrepreneurs due to existing lending caps?
- 03
Which veterans would benefit most from this exemption, and could non-veteran small business owners argue for similar treatment?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-TX-34
Vicente Gonzalez
Citizen cosponsors
0
In Congress
63/ 435
House Reps cosponsoring
Introduced 2025-01-16
Joining the bill
Elijah Crane
R-AZ-2 · original
Juan Ciscomani
R-AZ-6 · original
Andy Biggs
R-AZ-5 · original
Sheila Cherfilus-McCormick
D-FL-20 · original
Suzanne Bonamici
D-OR-1 · original
Jim Costa
D-CA-21 · original
Henry Cuellar
D-TX-28 · original
André Carson
D-IN-7 · original
Gerald E. Connolly
D-VA-11 · original
Julia Brownley
D-CA-26 · original
Tom Cole
R-OK-4 · original
Brian K. Fitzpatrick
R-PA-1 · original
+ 51 more
Legislative timeline
2025-01-16 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-01-16 · IntroReferral
Introduced in House
2025-01-16 · IntroReferral
Introduced in House
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