H.R. 1646
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.
Referred to the House Committee on Financial Services.
Sponsor
Rep. Maloney, Carolyn B. [D-NY-12]
Bill Details
- Update Date
- Mar 3, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 1,646
- Congress
- 113
- Introduced Date
- Apr 18, 2013
- Policy Area
- Finance and Financial Sector
- Is Law
- No
Referred to the House Committee on Financial Services.
Source: House floor actions
Sponsor introductory remarks on measure. (CR E499)
Source: Library of Congress
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
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.
Financial Services Committee
Introduced in House
Apr 18, 2013