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119-hr-507119th CongressWALLET

Veterans Member Business Loan Act

Sponsored By: Representative 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.

Sponsors & CoSponsors

Sponsor

Gonzalez, Vicente [D-TX-34]

TX • D

Cosponsors

  • Rep. Craig, Angie [D-MN-2]

    MN • D

    Sponsored 10/5/2026

  • 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

  • Rep. Ciscomani, Juan [R-AZ-6]

    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

  • Rep. Valadao, David G. [R-CA-22]

    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, André [D-IN-7]

    IN • D

    Sponsored 1/16/2025

  • Rep. Rogers, Harold [R-KY-5]

    KY • R

    Sponsored 1/16/2025

  • Rep. Cole, Tom [R-OK-4]

    OK • R

    Sponsored 1/16/2025

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 1/16/2025

  • Rep. Ryan, Patrick [D-NY-18]

    NY • D

    Sponsored 1/16/2025

  • Rep. Rutherford, John H. [R-FL-5]

    FL • R

    Sponsored 1/16/2025

  • Rep. Crane, Elijah [R-AZ-2]

    AZ • R

    Sponsored 1/16/2025

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 1/21/2025

  • Rep. Simpson, Michael K. [R-ID-2]

    ID • R

    Sponsored 1/21/2025

  • Rep. Malliotakis, Nicole [R-NY-11]

    NY • R

    Sponsored 2/5/2025

  • Rep. Mills, Cory [R-FL-7]

    FL • R

    Sponsored 2/14/2025

  • Rep. Conaway, Herbert C. [D-NJ-3]

    NJ • D

    Sponsored 3/3/2025

  • Rep. Owens, Burgess [R-UT-4]

    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

  • Rep. Evans, Gabe [R-CO-8]

    CO • R

    Sponsored 5/19/2025

  • Rep. Cisneros, Gilbert Ray [D-CA-31]

    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

  • Rep. Bergman, Jack [R-MI-1]

    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

  • Rep. Kean, Thomas H. [R-NJ-7]

    NJ • R

    Sponsored 10/6/2025

  • Rep. Scott, David [D-GA-13]

    GA • D

    Sponsored 10/10/2025

  • Rep. Amo, Gabe [D-RI-1]

    RI • D

    Sponsored 10/15/2026

  • Rep. Stauber, Pete [R-MN-8]

    MN • R

    Sponsored 10/22/2026

  • Rep. Langworthy, Nicholas A. [R-NY-23]

    NY • R

    Sponsored 10/21/2025

  • Rep. Whitesides, George [D-CA-27]

    CA • D

    Sponsored 11/25/2025

  • Rep. Edwards, Chuck [R-NC-11]

    NC • R

    Sponsored 12/2/2025

  • Rep. Subramanyam, Suhas [D-VA-10]

    VA • D

    Sponsored 12/2/2025

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

    DE • D

    Sponsored 12/5/2025

  • Rep. Ross, Deborah K. [D-NC-2]

    NC • D

    Sponsored 12/9/2025

  • Rep. Riley, Josh [D-NY-19]

    NY • D

    Sponsored 12/17/2025

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

    VA • D

    Sponsored 1/7/2026

  • Rep. Maloy, Celeste [R-UT-2]

    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

  • Rep. Latimer, George [D-NY-16]

    NY • D

    Sponsored 3/26/2026

  • Rep. Carbajal, Salud O. [D-CA-24]

    CA • D

    Sponsored 4/15/2026

  • Rep. Baird, James R. [R-IN-4]

    IN • R

    Sponsored 5/7/2026

  • Rep. Goodlander, Maggie [D-NH-2]

    NH • D

    Sponsored 5/19/2026

  • Rep. Adams, Alma S. [D-NC-12]

    NC • D

    Sponsored 5/19/2026

  • Rep. Cammack, Kat [R-FL-3]

    FL • R

    Sponsored 5/26/2026

  • Rep. McGuire, John J. [R-VA-5]

    VA • R

    Sponsored 6/8/2026

  • Rep. Keating, William R. [D-MA-9]

    MA • D

    Sponsored 6/10/2026

  • Rep. Van Orden, Derrick [R-WI-3]

    WI • R

    Sponsored 7/14/2026

Roll Call Votes

No roll call votes available for this bill.

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