H.R. 1791, the Increasing Credit Union Lending for Business Growth Act, would amend federal law to allow credit unions greater flexibility in lending to small businesses and homebuyers. Specifically, the bill increases the maximum small business loan amount that credit unions can make from $50,000 to $100,000, doubling their current lending capacity for business growth. The legislation also makes changes to the Federal Home Loan Bank Act to expand access to homeownership financing. The bill, introduced by Representatives Vicente Gonzalez and Brian Fitzpatrick, is intended to help credit unions better support small business expansion and home purchases in their communities.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.