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Raises the dollar limit in the Federal Credit Union Act that determines when a small‑business loan counts toward a credit union’s member business loan cap. By increasing the current $50,000 threshold, more small‑dollar business loans would be excluded from the cap.
This aims to make it easier for credit unions to offer small loans to local businesses. The exact new dollar amount is unclear in the provided text, but the change is intended to expand access to credit for small businesses while keeping existing safety and soundness rules in place.
Referred to the House Committee on Financial Services.
Introduced March 3, 2025 by Vicente Gonzalez · Last progress 1 year ago