Legislation1w ago
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To authorize implementation grants to community-based nonprofits to operate one-stop reentry centers.
HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
HR507119th CongressWALLET
Veterans Member Business Loan Act
Sponsored By: Representative Rep. Gonzalez, Vicente [D-TX-34]
Introduced
Summary
Would let federal credit unions count loans made to veterans as member business loans, broadening access for veteran borrowers. It changes the Federal Credit Union Act to add loans "made to a veteran" to the legal definition of a member business loan and ties the term "veteran" to 38 U.S.C. §101. The change would take effect six months after enactment.
Show full summary
- Veterans: Loans made to veterans would be explicitly included in the member business loan category, which could expand credit options for veteran-owned businesses.
- Federal credit unions: Credit unions could include those veteran loans in their member business loan portfolios under existing MBL rules and reporting.
- Implementation: The bill uses the federal definition of "veteran" from 38 U.S.C. §101 and stages the change to begin 6 months after enactment.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More credit union business loans for veterans
This bill would change how credit unions classify business loans to veterans. Loans to a “veteran” (as defined in 38 U.S.C. 101) would be counted as member business loans. If passed, veterans who are credit union members could see more access to business lending. The changes would take effect 6 months after enactment.
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Sponsors & CoSponsors
Sponsor
Rep. Gonzalez, Vicente [D-TX-34]
TX • D
Cosponsors
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 1/16/2025
Rep. Costa, Jim [D-CA-21]
CA • D
Sponsored 1/16/2025
Rep. Tokuda, Jill N. [D-HI-2]
HI • D
Sponsored 1/16/2025
Ciscomani
AZ • R
Sponsored 1/16/2025
Rep. Brownley, Julia [D-CA-26]
CA • D
Sponsored 1/16/2025
Rep. Golden, Jared F. [D-ME-2]
ME • D
Sponsored 1/16/2025
Rep. Cherfilus-McCormick, Sheila [D-FL-20]
FL • D
Sponsored 1/16/2025
Rep. Connolly, Gerald E. [D-VA-11]
VA • D
Sponsored 1/16/2025
Rep. Biggs, Andy [R-AZ-5]
AZ • R
Sponsored 1/16/2025
Valadao
CA • R
Sponsored 1/16/2025
Rep. Cuellar, Henry [D-TX-28]
TX • D
Sponsored 1/16/2025
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 1/16/2025
Rep. Bonamici, Suzanne [D-OR-1]
OR • D
Sponsored 1/16/2025
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 1/16/2025
Rep. Carson, Andre [D-IN-7]
IN • D
Sponsored 1/16/2025
Rogers (KY)
KY • R
Sponsored 1/16/2025
Cole
OK • R
Sponsored 1/16/2025
Rep. Gottheimer, Josh [D-NJ-5]
NJ • D
Sponsored 1/16/2025
Ryan
NY • D
Sponsored 1/16/2025
Rutherford
FL • R
Sponsored 1/16/2025
Crane
AZ • R
Sponsored 1/16/2025
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 1/21/2025
Simpson
ID • R
Sponsored 1/21/2025
Malliotakis
NY • R
Sponsored 2/5/2025
Mills
FL • R
Sponsored 2/14/2025
Conaway
NJ • D
Sponsored 3/3/2025
Owens
UT • R
Sponsored 3/18/2025
Rep. McGovern, James P. [D-MA-2]
MA • D
Sponsored 3/18/2025
Rep. Neguse, Joe [D-CO-2]
CO • D
Sponsored 3/25/2025
Rep. Fields, Cleo [D-LA-6]
LA • D
Sponsored 4/24/2025
Rep. Thanedar, Shri [D-MI-13]
MI • D
Sponsored 4/24/2025
Evans (CO)
CO • R
Sponsored 5/19/2025
Cisneros
CA • D
Sponsored 6/3/2025
Rep. Begich, Nicholas J. [R-AK-At Large]
AK • R
Sponsored 6/23/2025
Rep. Salinas, Andrea [D-OR-6]
OR • D
Sponsored 7/25/2025
Rep. Sherman, Brad [D-CA-32]
CA • D
Sponsored 9/3/2025
Bergman
MI • R
Sponsored 9/9/2025
Rep. Sewell, Terri A. [D-AL-7]
AL • D
Sponsored 9/10/2025
Rep. Soto, Darren [D-FL-9]
FL • D
Sponsored 9/10/2025
Rep. Correa, J. Luis [D-CA-46]
CA • D
Sponsored 9/11/2025
Rep. Lieu, Ted [D-CA-36]
CA • D
Sponsored 9/17/2025
Rep. Harder, Josh [D-CA-9]
CA • D
Sponsored 9/17/2025
Rep. Houlahan, Chrissy [D-PA-6]
PA • D
Sponsored 10/3/2025
Rep. Magaziner, Seth [D-RI-2]
RI • D
Sponsored 10/3/2025
Kean
NJ • R
Sponsored 10/6/2025
Rep. Scott, David [D-GA-13]
GA • D
Sponsored 10/10/2025
Langworthy
NY • R
Sponsored 10/21/2025
Whitesides
CA • D
Sponsored 11/25/2025
Edwards
NC • R
Sponsored 12/2/2025
Rep. Subramanyam, Suhas [D-VA-10]
VA • D
Sponsored 12/2/2025
McBride
DE • D
Sponsored 12/5/2025
Rep. Ross, Deborah K. [D-NC-2]
NC • D
Sponsored 12/9/2025
Riley (NY)
NY • D
Sponsored 12/17/2025
Rep. McClellan, Jennifer L. [D-VA-4]
VA • D
Sponsored 1/7/2026
Maloy
UT • R
Sponsored 1/8/2026
Rep. Krishnamoorthi, Raja [D-IL-8]
IL • D
Sponsored 1/22/2026
Rep. Harrigan, Pat [R-NC-10]
NC • R
Sponsored 2/2/2026
Rep. Sánchez, Linda T. [D-CA-38]
CA • D
Sponsored 2/2/2026
Rep. Morelle, Joseph D. [D-NY-25]
NY • D
Sponsored 2/4/2026
Rep. Mackenzie, Ryan [R-PA-7]
PA • R
Sponsored 3/4/2026
Rep. Massie, Thomas [R-KY-4]
KY • R
Sponsored 3/9/2026
Latimer
NY • D
Sponsored 3/26/2026
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 4/15/2026
Roll Call Votes
No roll call votes available for this bill.
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