This bill gives the National Credit Union Administration Board (NCUA) flexibility to increase the maximum loan maturity period for federally chartered credit unions from 15 years to 20 years or longer, as determined by the Board through regulation. The legislation primarily affects credit unions and their members by potentially allowing longer repayment periods on loans, particularly for mortgages and other major lending products. The bill emphasizes that any changes must prioritize the safety and soundness of credit unions as a key regulatory principle. No specific funding or implementation timeline is included in the legislative text provided, as the bill primarily grants regulatory authority to the NCUA to modify lending rules.