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HR 1646 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Business investment and capital Credit and credit markets Disaster relief and insurance National Credit Union Administration

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.

Introduced: April 18, 2013 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 2013
Referred to the House Committee on Financial Services.
Apr 18, 2013
Sponsor introductory remarks on measure. (CR E499)
Apr 18, 2013
Introduced in House
 Plain-English summary Congressional Research Service

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's happening now April 18, 2013

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1