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HR 4868 118th Congress House Finance and Financial Sector

Member Business Loan Expansion Act

Introduced: July 25, 2023 Introduced by: Gonzalez, Vicente Democratic · Texas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2023
Referred to the House Committee on Financial Services.
Jul 25, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Member Business Loan Expansion Act

This bill revises requirements related to the terms and lending limits of certain credit union loans.

Specifically, the bill (1) allows the National Credit Union Administration Board to lengthen the maturity term of certain loans made by a credit union, and (2) raises the credit limit for credit union member businesses under which such loans are excluded from overall credit union lending limits.

Finally, the bill expands the definition of a community financial institution by (1) allowing insured credit unions to qualify, and (2) raising the average asset limit. (Community financial institutions are subject to reduced asset requirements for purposes of Federal Home Loan Bank membership.)  

What's happening now July 25, 2023

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Sherman, Brad
California · Sep 18, 2023
 R
Fitzpatrick, Brian K.
Pennsylvania · Jul 25, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4868: Member Business Loan Expansion Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4868/
MLA
"H.R. 4868: Member Business Loan Expansion Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4868/.
Bluebook (legal)
H.R. 4868, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4868/.
Markdown link
[H.R. 4868: Member Business Loan Expansion Act](https://openamerica.io/bill/118-HR-4868/)
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