# 119-s-3616: Expanding Access to Lending Options Act

119-s-3616, Expanding Access to Lending Options Act, is a 119th Congress bill sponsored by Sen. Cortez Masto, Catherine [D-NV] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-10-01).

- Canonical: https://policyrisk.com/legislation/119-s-3616
- As of: 2026-10-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3616
- Congress: 119
- Title: Expanding Access to Lending Options Act
- Status: introduced
- Introduced: 2026-01-13
- Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-10-01

## Summary

**More lending flexibility for federal credit unions.** This bill would let the National Credit Union Administration Board allow loan terms up to 20 years and remove a rule that required some loans to be tied to a member's principal residence. - Families and borrowers: Members could access loans with maturities up to 20 years and could obtain loans not limited to their main home. - Federal credit unions: Credit unions could offer longer-term loans and broaden the types of loans they make because the principal-residence qualifier is removed. - Regulators: The National Credit Union Administration Board would get explicit authority to permit up to 20-year loan terms through regulation.

## Cosponsors (4)

- Sen. Warner, Mark R. [D-VA] (D-VA), 2026-09-28T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2026-01-13T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2026-01-15T00:00:00.000Z
- Sen. Justice, James C. [R-WV] (R-WV), 2026-04-21T00:00:00.000Z

## Provisions PRIA read

- More credit union loan options: benefit, medium. If enacted, this bill would let certain federal credit union loans have terms up to 20 years instead of 15, but only if the NCUA Board issues rules allowing the longer terms. It would remove the rule that the financed property must be the member's principal residence for loans under the listed auth…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-558: Antisemitism Awareness Act of 2025
- 119-s-556: Enhanced Iran Sanctions Act of 2025

## Sources
- [119-s-3616 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3616)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-558: Antisemitism Awareness Act of 2025](https://policyrisk.com/legislation/119-s-558)
- [119-s-556: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-s-556)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3616 (as of 2026-10-01).