To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Latest action · Feb 26, 2015 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 26, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Federal Credit Union Act to exclude loans made to veterans from the definition of a "member business loan," thus excluding them from the limit on the total amount of member business loans a credit union may have outstanding.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Feb 26, 2015 to Sep 16, 2015; 8 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NV | Dina Titus | Original | Feb 26, 2015 |
| D-CA | Jared Huffman | Original | Feb 26, 2015 |
| D-CA | Julia Brownley | Original | Feb 26, 2015 |
| R-NY | Lee M. Zeldin | Original | Feb 26, 2015 |
| D-CA | Mark Takano | Original | Feb 26, 2015 |
| D-CA | Pete Aguilar | Original | Feb 26, 2015 |
| D-CA | Ted Lieu | Original | Feb 26, 2015 |
| R-NJ | Thomas MacArthur | Original | Feb 26, 2015 |
| D-CA | Norma J. Torres | Mar 2, 2015 | |
| R-FL | Bill Posey | Mar 23, 2015 | |
| R-NV | Mark E. Amodei | Apr 13, 2015 | |
| R-CA | Edward R. Royce | Apr 28, 2015 | |
| R-CA | Paul Cook | May 8, 2015 | |
| D-CA | Raul Ruiz | May 12, 2015 | |
| R-NV | Joseph J. Heck | May 14, 2015 | |
| D-CA | Jerry McNerney | Jun 4, 2015 | |
| D-DC | Eleanor Holmes Norton | Jul 28, 2015 | |
| D-FL | Alan Grayson | Sep 16, 2015 | |
| D-CA | Linda T. Sánchez | Sep 16, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 26, 2015 |
Actions 2
Everything that happened, newest first.
- Feb 26, 2015Introduced in House
- Feb 26, 2015Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 33, February 26, 2015, page H1371.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| 114-22 | FINANCING MAIN STREET: HOW DODD-FRANK IS CRIPPLING SMALL LENDERS AND ACCESS TO CAPITAL98 pages | Small Business Committee | Sep 17, 2015 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44439 | Taxation of Credit Unions: In Brief | Report | Mar 31, 2016 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Feb 26, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
