Expanding Access to Lending Options Act

Senate Bill 3389 - Expanding Access to Lending Options Act: Overview, Status, and Impact

Hozzl · 2022-02-08T23:15:36Z

Explore the details of Senate Bill 3389 Expanding Access to Lending Options Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

2/8/2022, 11:15 PM

Congressional Summary of S 3389

Expanding Access to Lending Options Act

This bill allows the National Credit Union Administration Board to increase the federal credit union loan maturity cap from 15 to 20 years.

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Current Status of Bill S 3389

Bill S 3389 is currently in the status of Bill Introduced since March 4, 2020. Bill S 3389 was introduced during Congress 116 and was introduced to the Senate on March 4, 2020. Bill S 3389's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 4, 2020

Bipartisan Support of Bill S 3389

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3389

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation

- Credit and credit markets

- Housing finance and home ownership

Alternate Title(s) of Bill S 3389

Expanding Access to Lending Options Act

A bill to provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.