[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4701 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 4701

To amend the Federal Credit Union Act with respect to the definition of 
                        a member business loan.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 20, 2000

Mr. Royce (for himself, Ms. Lee, Mr. Gibbons, Mr. Dreier, Mr. Lewis of 
California, Mr. Thompson of California, Mr. Calvert, Ms. Roybal-Allard, 
  Ms. Berkley, Ms. Woolsey, and Mr. Bilbray) introduced the following 
  bill; which was referred to the Committee on Banking and Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Credit Union Act with respect to the definition of 
                        a member business loan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Faith-Based Lending Protection 
Act''.

SEC. 2. MEMBER BUSINESS LOAN EXCEPTION.

    Section 107A(c)(1)(B) of the Federal Credit Union Act (12 U.S.C. 
1757a(c)(1)(B)) is amended--
            (1) in clause (iv), by striking ``or'' after the semicolon;
            (2) in clause (v), by striking the period at the end and 
        inserting ``; or''; and
            (3) by inserting after clause (v) the following new clause:
                            ``(vi) that is made to a nonprofit 
                        religious organization.''.
                                 <all>