A bill to amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
1/17/2025, 11:56 AMSummary of Bill S 110
Bill 119 s 110, also known as the Veterans' Credit Protection Act, is a proposed amendment to the Federal Credit Union Act. The purpose of this bill is to exclude extensions of credit made to veterans from being classified as member business loans.Currently, under the Federal Credit Union Act, member business loans are subject to certain restrictions and regulations. By excluding extensions of credit made to veterans from this classification, the bill aims to provide veterans with greater access to credit and financial services without being subject to the same regulations that apply to traditional member business loans.
The bill is designed to support and assist veterans in obtaining the financial resources they need to start or grow their businesses, purchase homes, or meet other financial needs. By exempting veterans from the member business loan classification, credit unions will be able to offer more flexible and tailored financial products to veterans, helping them achieve their financial goals. Overall, the Veterans' Credit Protection Act seeks to provide veterans with greater access to credit and financial services, while also ensuring that credit unions can continue to support and serve the needs of this important group of individuals.
Current Status of Bill S 110
Bill S 110 is currently in the status of Bill Introduced since January 16, 2025. Bill S 110 was introduced during Congress 119 and was introduced to the Senate on January 16, 2025. Bill S 110's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 16, 2025Bipartisan Support of Bill S 110
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 110
Primary Policy Focus
Alternate Title(s) of Bill S 110
A bill to amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.A bill to amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.Comments
Most relevant
Sponsors and Cosponsors of S 110
Latest Bills
Improving Reporting to Prevent Hate Act of 2025
Bill HR 2588April 9, 2025
Crop Insurance for Future Farmers Act
Bill S 1073April 9, 2025
Strengthening VA Patient Advocacy for Rural Veterans Act of 2025
Bill S 1134April 9, 2025
Safeguarding Medicaid Act
Bill S 1082April 9, 2025
Renewable Natural Gas Incentive Act of 2025
Bill HR 2596April 9, 2025
Protecting Data at the Border Act
Bill HR 2604April 9, 2025
MedShield Act of 2025
Bill S 1085April 9, 2025
Delete DOGE Act
Bill HR 2601April 9, 2025
Land Manager Housing and Workforce Improvement Act of 2025
Bill S 1083April 9, 2025
Maximum Support Act
Bill HR 2614April 9, 2025