118 HR 4867 IH: Veterans Members Business Loan Act U.S. House of Representatives 2023-07-25 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 4867IN THE HOUSE OF REPRESENTATIVESJuly 25, 2023Mr. Vicente Gonzalez of Texas (for himself and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.

1.

Short title

This Act may be cited as the Veterans Members Business Loan Act.

2.

Member business loan definition

(a)

In general

Section 107A(c) of the Federal Credit Union Act (12 U.S.C. 1757a(c)) is amended— (1)in paragraph (1)(B)— (A)in clause (iv), by striking or at the end; (B)in clause (v), by striking the period and inserting ; or; and (C)by adding at the end the following: (vi)made to a veteran;; (2)in paragraph (2), by striking and at the end; (3)in paragraph (3), by striking the period and inserting ; and; and (4)by adding at the end the following: (4)the term veteran has the meaning given such term under section 101 of title 38, United States Code.. (b)

Effective date

The amendments made by subsection (a) shall take effect after the end of the 6-month period beginning on the date of the enactment of this Act.