To amend the Federal Credit Union Act to provide an exception from the member business loan cap for loans made to aid in the recovery from a disaster.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 18, 2013)
Amends the Federal Credit Union Act to exempt from the limit on member business loans those that are: (1) used to aid in the recovery from a major disaster declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, and (2) made within five years after such a declaration.
Directs the National Credit Union Administration Board to issue regulations defining when an extension of credit aids in the recovery from a disaster.
What just happenedApr 18, 2013
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseApr 18, 2013
- Apr 18, 2013IntroReferralH11100
Referred to the House Committee on Financial Services.
- Apr 18, 2013IntroReferralB00100
Sponsor introductory remarks on measure. (CR E499)
- Apr 18, 2013IntroReferralIntro-H
Introduced in House
- Apr 18, 2013IntroReferral1000
Introduced in House