[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 383 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 383

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 27, 2003

  Mr. Royce 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 FOR LOANS TO NONPROFIT RELIGIOUS 
              ORGANIZATIONS.

    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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