[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 760 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 760

 To amend the Federal Credit Union Act with respect to the limitations 
                       on member business loans.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 27, 2001

 Mr. Royce (for himself, Mr. Calvert, Mr. Filner, Mr. LaTourette, Mr. 
Gibbons, Ms. Roybal-Allard, Mr. Cunningham, and Mr. Sherman) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Federal Credit Union Act with respect to the limitations 
                       on member business loans.

    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 EXCLUSION.

    Section 107A(a) of the Federal Credit Union Act (12 U.S.C. 
1757a(a)) is amended by inserting ``, excluding loans made to nonprofit 
religious organizations,'' after ``total amount of such loans''.
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