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More Loans for Veterans: Easier Access to Business Credit

This act makes it easier for veterans to access business loans from credit unions. The changes mean that loans made to veterans will not count towards credit unions' business loan limits, potentially increasing their availability. This could help veterans start or expand their own businesses more easily.
Key points
Loans to veterans will be excluded from credit union business loan limits.
Increased availability of business financing for veterans.
Changes will take effect 180 days after the act is passed.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_110
Sponsor: Sen. Sullivan, Dan [R-AK]
Process start date: 2025-01-16
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veterans Member Business Loan Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_110.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-16.

What are the main provisions?

Key points include:

  • Loans to veterans will be excluded from credit union business loan limits.
  • Increased availability of business financing for veterans.
  • Changes will take effect 180 days after the act is passed.
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 Sen. Sullivan, Dan [R-AK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Benefits Economy