# 119-hr-507: Veterans Member Business Loan Act

119-hr-507, Veterans Member Business Loan Act, is a 119th Congress bill sponsored by Rep. Gonzalez, Vicente [D-TX-34] (D-TX); status introduced; PRIA reads it as touching household money (as of 2026-10-24).

- Canonical: https://policyrisk.com/legislation/119-hr-507
- As of: 2026-10-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-507
- Congress: 119
- Title: Veterans Member Business Loan Act
- Status: introduced
- Introduced: 2025-01-16
- Sponsor: Rep. Gonzalez, Vicente [D-TX-34] (D-TX)
- Cosponsors: 73
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-24

## 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. - 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.

## Cosponsors (73)

- Rep. Craig, Angie [D-MN-2] (D-MN), 2026-10-05T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-01-16T00:00:00.000Z
- Rep. Costa, Jim [D-CA-21] (D-CA), 2025-01-16T00:00:00.000Z
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI), 2025-01-16T00:00:00.000Z
- Rep. Ciscomani, Juan [R-AZ-6] (R-AZ), 2025-01-16T00:00:00.000Z
- Rep. Brownley, Julia [D-CA-26] (D-CA), 2025-01-16T00:00:00.000Z
- Rep. Golden, Jared F. [D-ME-2] (D-ME), 2025-01-16T00:00:00.000Z
- Rep. Cherfilus-McCormick, Sheila [D-FL-20] (D-FL), 2025-01-16T00:00:00.000Z
- Rep. Connolly, Gerald E. [D-VA-11] (D-VA), 2025-01-16T00:00:00.000Z
- Rep. Biggs, Andy [R-AZ-5] (R-AZ), 2025-01-16T00:00:00.000Z
- Rep. Valadao, David G. [R-CA-22] (R-CA), 2025-01-16T00:00:00.000Z
- Rep. Cuellar, Henry [D-TX-28] (D-TX), 2025-01-16T00:00:00.000Z
- Rep. Titus, Dina [D-NV-1] (D-NV), 2025-01-16T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2025-01-16T00:00:00.000Z
- Rep. Lynch, Stephen F. [D-MA-8] (D-MA), 2025-01-16T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2025-01-16T00:00:00.000Z
- Rep. Rogers, Harold [R-KY-5] (R-KY), 2025-01-16T00:00:00.000Z
- Rep. Cole, Tom [R-OK-4] (R-OK), 2025-01-16T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2025-01-16T00:00:00.000Z
- Rep. Ryan, Patrick [D-NY-18] (D-NY), 2025-01-16T00:00:00.000Z
- Rep. Rutherford, John H. [R-FL-5] (R-FL), 2025-01-16T00:00:00.000Z
- Rep. Crane, Elijah [R-AZ-2] (R-AZ), 2025-01-16T00:00:00.000Z
- Rep. Horsford, Steven [D-NV-4] (D-NV), 2025-01-21T00:00:00.000Z
- Rep. Simpson, Michael K. [R-ID-2] (R-ID), 2025-01-21T00:00:00.000Z
- Rep. Malliotakis, Nicole [R-NY-11] (R-NY), 2025-02-05T00:00:00.000Z
- Rep. Mills, Cory [R-FL-7] (R-FL), 2025-02-14T00:00:00.000Z
- Rep. Conaway, Herbert C. [D-NJ-3] (D-NJ), 2025-03-03T00:00:00.000Z
- Rep. Owens, Burgess [R-UT-4] (R-UT), 2025-03-18T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2025-03-18T00:00:00.000Z
- Rep. Neguse, Joe [D-CO-2] (D-CO), 2025-03-25T00:00:00.000Z
- Rep. Fields, Cleo [D-LA-6] (D-LA), 2025-04-24T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2025-04-24T00:00:00.000Z
- Rep. Evans, Gabe [R-CO-8] (R-CO), 2025-05-19T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2025-06-03T00:00:00.000Z
- Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK), 2025-06-23T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2025-07-25T00:00:00.000Z
- Rep. Sherman, Brad [D-CA-32] (D-CA), 2025-09-03T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2025-09-09T00:00:00.000Z
- Rep. Sewell, Terri A. [D-AL-7] (D-AL), 2025-09-10T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2025-09-10T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2025-09-11T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2025-09-17T00:00:00.000Z
- Rep. Harder, Josh [D-CA-9] (D-CA), 2025-09-17T00:00:00.000Z
- Rep. Houlahan, Chrissy [D-PA-6] (D-PA), 2025-10-03T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-10-03T00:00:00.000Z
- Rep. Kean, Thomas H. [R-NJ-7] (R-NJ), 2025-10-06T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2025-10-10T00:00:00.000Z
- Rep. Amo, Gabe [D-RI-1] (D-RI), 2026-10-15T00:00:00.000Z
- Rep. Stauber, Pete [R-MN-8] (R-MN), 2026-10-22T00:00:00.000Z
- Rep. Langworthy, Nicholas A. [R-NY-23] (R-NY), 2025-10-21T00:00:00.000Z
- Rep. Whitesides, George [D-CA-27] (D-CA), 2025-11-25T00:00:00.000Z
- Rep. Edwards, Chuck [R-NC-11] (R-NC), 2025-12-02T00:00:00.000Z
- Rep. Subramanyam, Suhas [D-VA-10] (D-VA), 2025-12-02T00:00:00.000Z
- Rep. McBride, Sarah [D-DE-At Large] (D-DE), 2025-12-05T00:00:00.000Z
- Rep. Ross, Deborah K. [D-NC-2] (D-NC), 2025-12-09T00:00:00.000Z
- Rep. Riley, Josh [D-NY-19] (D-NY), 2025-12-17T00:00:00.000Z
- Rep. McClellan, Jennifer L. [D-VA-4] (D-VA), 2026-01-07T00:00:00.000Z
- Rep. Maloy, Celeste [R-UT-2] (R-UT), 2026-01-08T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2026-01-22T00:00:00.000Z
- Rep. Harrigan, Pat [R-NC-10] (R-NC), 2026-02-02T00:00:00.000Z
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2026-02-02T00:00:00.000Z
- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2026-02-04T00:00:00.000Z
- Rep. Mackenzie, Ryan [R-PA-7] (R-PA), 2026-03-04T00:00:00.000Z
- Rep. Massie, Thomas [R-KY-4] (R-KY), 2026-03-09T00:00:00.000Z
- Rep. Latimer, George [D-NY-16] (D-NY), 2026-03-26T00:00:00.000Z
- Rep. Carbajal, Salud O. [D-CA-24] (D-CA), 2026-04-15T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2026-05-07T00:00:00.000Z
- Rep. Goodlander, Maggie [D-NH-2] (D-NH), 2026-05-19T00:00:00.000Z
- Rep. Adams, Alma S. [D-NC-12] (D-NC), 2026-05-19T00:00:00.000Z
- Rep. Cammack, Kat [R-FL-3] (R-FL), 2026-05-26T00:00:00.000Z
- Rep. McGuire, John J. [R-VA-5] (R-VA), 2026-06-08T00:00:00.000Z
- Rep. Keating, William R. [D-MA-9] (D-MA), 2026-06-10T00:00:00.000Z
- Rep. Van Orden, Derrick [R-WI-3] (R-WI), 2026-07-14T00:00:00.000Z

## Provisions PRIA read

- More credit union business loans for veterans: benefit, low. 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 mon…

## Related bills

- 119-hr-2102: Major Richard Star Act
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-2048: Metastatic Breast Cancer Access to Care Act
- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act

## Sources
- [119-hr-507 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/507)

## Related
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-2048: Metastatic Breast Cancer Access to Care Act](https://policyrisk.com/legislation/119-hr-2048)
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-507 (as of 2026-10-24).