House Bill
H.R. 507
Veterans Member Business Loan Act
Primary Sponsor
Vicente Gonzalez
Representative
Cosponsors
53
Quick Stats
Policy Area
Summary
This bill exempts business loans made to veterans from credit union member business loan caps. Currently, credit unions face aggregate limits on how much they can lend to businesses, but this carve-out would let them lend more to veteran-owned businesses.
Latest Action
Referred to the House Committee on Financial Services.
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Vote Prediction
Veterans Member Business Loan Act
This bill exempts business loans made to veterans from credit union member business loan caps. Currently, credit unions face aggregate limits on how much they can lend to businesses, but this carve-out would let them lend more to veteran-owned businesses.
Community Breakdown
Pass
0%
Fail
0%
0 predictions
This bill exempts business loans made to veterans from credit union member business loan caps. Currently, credit unions face aggregate limits on how much they can lend to businesses, but this carve-out would let them lend more to veteran-owned businesses.
- Bill Number
- 507
- Sponsor
- Vicente Gonzalez (D-TX)
- Introduced
- 1/16/2025
- Status
- Referred to the House Committee on Financial Services.
- Policy Area
- Finance and Financial Sector
Data from Congress.gov
Fact Sheet
- Title
- Veterans Member Business Loan Act
- Bill Number
- 507
- Sponsor
- Vicente Gonzalez (D-TX)
- Status
- Referred to the House Committee on Financial Services.
- Introduced
- 1/16/2025
- Summary
- This bill exempts business loans made to veterans from credit union member business loan caps. Currently, credit unions face aggregate limits on how much they can lend to businesses, but this carve-out would let them lend more to veteran-owned businesses.
Data from Congress.gov
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