Veterans Member Business Loan Act
Sponsored By: Representative Gonzalez, V.
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, V.
TX • D
Cosponsors
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 1/16/2025
Costa
CA • D
Sponsored 1/16/2025
Rep. Tokuda, Jill N. [D-HI-2]
HI • D
Sponsored 1/16/2025
Ciscomani
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
Cherfilus-McCormick
FL • D
Sponsored 1/16/2025
Connolly
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
Cuellar
TX • D
Sponsored 1/16/2025
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 1/16/2025
Bonamici
OR • D
Sponsored 1/16/2025
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 1/16/2025
Carson
IN • D
Sponsored 1/16/2025
Rogers (KY)
KY • R
Sponsored 1/16/2025
Cole
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
Rutherford
FL • R
Sponsored 1/16/2025
Crane
AZ • R
Sponsored 1/16/2025
Rep. Horsford, Steven [D-NV-4]
NV • D
Sponsored 1/21/2025
Simpson
ID • R
Sponsored 1/21/2025
Rep. Malliotakis, Nicole [R-NY-11]
NY • R
Sponsored 2/5/2025
Mills
FL • R
Sponsored 2/14/2025
Conaway
NJ • D
Sponsored 3/3/2025
Rep. Owens, Burgess [R-UT-4]
UT • R
Sponsored 3/18/2025
McGovern
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
Evans (CO)
CO • R
Sponsored 5/19/2025
Cisneros
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
Sewell
AL • D
Sponsored 9/10/2025
Soto
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
Kean
NJ • R
Sponsored 10/6/2025
Scott, David
GA • D
Sponsored 10/10/2025
Langworthy
NY • R
Sponsored 10/21/2025
Rep. Whitesides, George [D-CA-27]
CA • D
Sponsored 11/25/2025
Edwards
NC • R
Sponsored 12/2/2025
Rep. Subramanyam, Suhas [D-VA-10]
VA • D
Sponsored 12/2/2025
McBride
DE • D
Sponsored 12/5/2025
Rep. Ross, Deborah K. [D-NC-2]
NC • D
Sponsored 12/9/2025
Riley (NY)
NY • D
Sponsored 12/17/2025
McClellan
VA • D
Sponsored 1/7/2026
Maloy
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
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov