Increasing Credit Union Lending for Business Growth Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Mar 3, 2025
What it does
The bill would amend the Federal Credit Union Act to increase the maximum loan amount credit unions can make to small businesses from $50,000 to $100,000, thereby expanding their lending capacity for business growth. It also seeks to amend the Federal Home Loan Bank Act to improve homeownership access, though specific details of that amendment are not included in the provided text. The bill affects credit unions and the small businesses they serve by allowing larger loans to support business development. It was introduced in the House and referred to the Committee on Financial Services for further consideration.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.