Expanding Access to Lending Options Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 45
- Latest action
- Jun 26, 2025
What it does
The Expanding Access to Lending Options Act would amend the Federal Credit Union Act to allow the National Credit Union Administration (NCUA) Board to increase the maximum loan maturity for Federal credit unions from 15 years to 20 years or longer, as determined by regulation. This change would affect federally chartered credit unions by granting them greater flexibility in offering longer-term loans, particularly for purposes such as home financing. The bill emphasizes that the NCUA must maintain safety and soundness as a core principle in its oversight of credit unions while implementing this change.
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.