Increasing Credit Union Lending for Business Growth Act
Sponsored By: Representative Gonzalez, V.
Introduced
Summary
Would raise the dollar threshold that federal credit unions use for certain small-business lending from $50,000 to $100,000. The bill would amend 12 U.S.C. 1757a(c)(1)(B)(iii) by replacing $50,000 with $100,000. That change doubles the specified per-loan amount and aims to expand credit availability to small businesses by allowing higher loan amounts from federal credit unions.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Bigger credit union loans for small businesses
If enacted, federal credit unions could make larger business loans to members. The bill would raise the loan cap in current law from $50,000 to $100,000. That could let your business borrow up to $50,000 more per loan from a federal credit union. The bill does not list an effective date or end date in this section. This applies only to loans covered by that part of the credit union law.
Sponsors & CoSponsors
Sponsor
Gonzalez, V.
TX • D
Cosponsors
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 3/3/2025
Rep. Begich, Nicholas J. [R-AK-At Large]
AK • R
Sponsored 3/3/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov