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Increased Loan Flexibility for Credit Unions and Expanded Homeownership Access.

This act aims to make it easier for credit unions to provide loans, including to small businesses, and to expand access to homeownership through financial institutions. The changes could mean easier access to financing for citizens and small businesses.
Key points
Credit unions can offer loans with longer maturities if approved by the relevant regulatory board.
The limit for small business loans from credit unions increases from $50,000 to $100,000.
More financial institutions, including credit unions, will be able to access the Federal Home Loan Bank system, intended to facilitate access to home mortgages.
The asset limit for financial institutions to qualify for Federal Home Loan Bank membership increases from $1 billion to $10 billion.
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Status:
Expired
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Additional Information
Print number: 117_HR_5189
Sponsor: Rep. Gonzalez, Vicente [D-TX-15]
Process start date: 2021-09-07
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Member Business Loan Expansion Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5189.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-07.

What are the main provisions?

Key points include:

  • Credit unions can offer loans with longer maturities if approved by the relevant regulatory board.
  • The limit for small business loans from credit unions increases from $50,000 to $100,000.
  • More financial institutions, including credit unions, will be able to access the Federal Home Loan Bank system, intended to facilitate access to home mortgages.
  • The asset limit for financial institutions to qualify for Federal Home Loan Bank membership increases from $1 billion to $10 billion.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gonzalez, Vicente [D-TX-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Real Estate