S 3616
Expanding Access to Lending Options Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:46 AM
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to increase access to loans for credit union members by giving the National Credit Union Administration (NCUA) more flexibility to set loan maturity terms. Specifically, it modifies a section of the Federal Credit Union Act to allow credit unions to offer loans with maturities of up to 20 years, provided they meet certain criteria. This change would enable credit unions to provide longer-term financing options for members, potentially supporting homeownership and other significant purchases. The bill seeks to modernize lending practices within the credit union system.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.