HR 1791
Increasing Credit Union Lending for Business Growth Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill aims to boost lending opportunities for small businesses and expand homeownership access through changes to federal credit union regulations. Specifically, it increases the maximum loan amount credit unions can provide to small businesses from $50,000 to $100,000. The bill also modifies provisions related to the Federal Home Loan Bank Act to promote greater homeownership opportunities. These changes are intended to support economic growth and increase access to financial services.
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Primary sponsor
Cosponsors
Nicholas J. [R-AK-At Large] Begich
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