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Increased Credit Union Lending for Small Businesses

This new act aims to make it easier for small businesses to access larger loans from credit unions. It increases the maximum loan amount credit unions can provide, which may help local businesses grow and create jobs.
Key points
Credit unions can now lend up to $100,000 to small businesses, up from the previous limit of $50,000.
This change is intended to support economic growth by increasing access to financing for local enterprises.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1791
Sponsor: Rep. Gonzalez, Vicente [D-TX-34]
Process start date: 2025-03-03
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Increasing Credit Union Lending for Business Growth Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1791.

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 2025-03-03.

What are the main provisions?

Key points include:

  • Credit unions can now lend up to $100,000 to small businesses, up from the previous limit of $50,000.
  • This change is intended to support economic growth by increasing access to financing for local enterprises.
What is the specific legal status?

The current status is Introduced.

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-34].

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 2025-12-22.

CATEGORIES

Economy