What does Preamble of HR 1791 do?

This bill, formally titled 'To amend the Federal Credit Union Act to provide more loan flexibility to credit unions, to amend the Federal Home Loan Bank Act to expand homeownership access, and for other purposes,' aims to modify the Federal Credit Union Act. The bill also seeks to amend the Federal Home Loan Bank Act. A stated purpose of the bill is to expand homeownership access.

What does SHORT TITLE. of HR 1791 do?

This bill is formally titled the Increasing Credit Union Lending for Business Growth Act.

What does EXPANDING CREDIT TO SMALL BUSINESSES. of HR 1791 do?

This section amends Section 107A(c)(1)(B)(iii) of the Federal Credit Union Act. The amendment changes the limit from $50,000 to $100,000.

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Increasing Credit Union Lending for Business Growth Act — HR. 1791

Last updated: 3/3/2025 · Introduced: 3/3/2025

Author: Vicente Gonzalez (D-TX)

TL;DR (AI)

This bill increases the maximum loan amount credit unions can provide to small businesses from $50,000 to $100,000.
The bill aims to expand access to homeownership.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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