S 110
Veterans Member Business Loan Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Veterans Member Business Loan Act, changes how credit unions define ‘member business loans.’ It specifically excludes loans made to veterans from this definition, allowing them to receive larger loans without being limited by existing credit union rules. The goal is to increase access to capital for veteran-owned businesses. The changes will go into effect 180 days after the bill is passed.
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