[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 164 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 164

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


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 3, 2001

   Mr. Royce (for himself, Mr. Bachus, Mr. Bartlett of Maryland, Mr. 
Calvert, Mr. Dreier, Mr. Gibbons, Mr. Lewis of California, Mr. Sherman, 
  Mr. Filner, Ms. Lee, Mr. Thompson of California, Ms. Berkley, Mrs. 
   Jones of Ohio, Mr. Herger, Mr. LaTourette, and Ms. Roybal-Allard) 
 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.''.
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