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119-hr-4167119th CongressWALLET

Expanding Access to Lending Options Act

Sponsored By: Representative Fitzgerald, Scott [R-WI-5]

Introduced

Summary

Expanding lending flexibility for federal credit unions. This bill would let federally chartered credit unions make loans with maturities up to 20 years or longer as the National Credit Union Administration Board permits and would remove a rule that required one such loan be a member's principal residence. It would also state that the National Credit Union Administration must prioritize safety and soundness.

Show full summary
  • Households: Could access loans with maturities up to 20 years or longer if their credit union offers them.
  • Credit unions: Gain the option to offer a broader set of loan products, including loans not limited to a member's principal residence.
  • Regulators: Directs the National Credit Union Administration to prioritize safety and soundness and gives its Board authority to set rules on longer loan terms.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Longer federal credit union loans

If enacted, the bill would let federally chartered credit unions offer longer loan terms. It would raise the statutory maximum loan term from 15 years to 20 years. The NCUA Board could allow terms longer than 20 years by regulation. It would remove the rule that the dwelling must be the borrower's principal residence for that loan category. If enacted, borrowers would likely have lower monthly payments but would pay more total interest over the loan life. These changes would apply only to federally chartered credit unions and would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Fitzgerald, Scott [R-WI-5]

WI • R

Cosponsors

  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

    Sponsored 10/13/2026

  • Rep. Bilirakis, Gus M. [R-FL-12]

    FL • R

    Sponsored 10/13/2026

  • Rep. Vasquez, Gabe [D-NM-2]

    NM • D

    Sponsored 10/13/2026

  • Rep. Sherman, Brad [D-CA-32]

    CA • D

    Sponsored 6/26/2025

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 6/26/2025

  • Rep. Kim, Young [R-CA-40]

    CA • R

    Sponsored 6/26/2025

  • Rep. Vargas, Juan [D-CA-52]

    CA • D

    Sponsored 6/26/2025

  • Rep. Timmons, William R. [R-SC-4]

    SC • R

    Sponsored 6/26/2025

  • Rep. Fitzpatrick, Brian K. [R-PA-1]

    PA • R

    Sponsored 6/26/2025

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 6/30/2025

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 8/26/2025

  • Rep. Correa, J. Luis [D-CA-46]

    CA • D

    Sponsored 9/11/2025

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 9/30/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 10/6/2025

  • Rep. Meeks, Gregory W. [D-NY-5]

    NY • D

    Sponsored 10/17/2025

  • Rep. Harder, Josh [D-CA-9]

    CA • D

    Sponsored 10/24/2025

  • Rep. Bera, Ami [D-CA-6]

    CA • D

    Sponsored 10/31/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 12/1/2025

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 12/1/2025

  • Rep. Edwards, Chuck [R-NC-11]

    NC • R

    Sponsored 12/2/2025

  • Rep. Stutzman, Marlin A. [R-IN-3]

    IN • R

    Sponsored 12/4/2025

  • Rep. McBride, Sarah [D-DE-At Large]

    DE • D

    Sponsored 12/5/2025

  • Rep. Mackenzie, Ryan [R-PA-7]

    PA • R

    Sponsored 12/16/2025

  • Rep. Garbarino, Andrew R. [R-NY-2]

    NY • R

    Sponsored 1/7/2026

  • Rep. McClellan, Jennifer L. [D-VA-4]

    VA • D

    Sponsored 1/7/2026

  • Rep. Ezell, Mike [R-MS-4]

    MS • R

    Sponsored 1/30/2026

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 1/30/2026

  • Rep. Harrigan, Pat [R-NC-10]

    NC • R

    Sponsored 1/30/2026

  • Rep. Foushee, Valerie P. [D-NC-4]

    NC • D

    Sponsored 2/4/2026

  • Rep. Conaway, Herbert C. [D-NJ-3]

    NJ • D

    Sponsored 2/4/2026

  • Rep. Salazar, Maria Elvira [R-FL-27]

    FL • R

    Sponsored 2/25/2026

  • Rep. Whitesides, George [D-CA-27]

    CA • D

    Sponsored 3/25/2026

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 3/26/2026

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 4/14/2026

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 4/20/2026

  • Rep. McDowell, Addison P. [R-NC-6]

    NC • R

    Sponsored 4/21/2026

  • Rep. Barragán, Nanette Diaz [D-CA-44]

    CA • D

    Sponsored 4/16/2026

  • Rep. Trahan, Lori [D-MA-3]

    MA • D

    Sponsored 4/22/2026

  • Rep. Davis, Donald G. [D-NC-1]

    NC • D

    Sponsored 4/27/2026

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 4/30/2026

  • Rep. Neal, Richard E. [D-MA-1]

    MA • D

    Sponsored 5/12/2026

  • Rep. Walkinshaw, James R. [D-VA-11]

    VA • D

    Sponsored 5/21/2026

  • Rep. Yakym, Rudy [R-IN-2]

    IN • R

    Sponsored 6/2/2026

  • Rep. Ciscomani, Juan [R-AZ-6]

    AZ • R

    Sponsored 6/8/2026

  • Rep. Torres, Ritchie [D-NY-15]

    NY • D

    Sponsored 6/15/2026

  • Rep. Keating, William R. [D-MA-9]

    MA • D

    Sponsored 6/23/2026

  • Rep. Strickland, Marilyn [D-WA-10]

    WA • D

    Sponsored 9/15/2026

Roll Call Votes

No roll call votes available for this bill.

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