H.R. 3745 (112th): Faith-Based Lending Protection Act

112th Congress, 2011–2013. Text as of Dec 20, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

1st Session

H. R. 3745

IN THE HOUSE OF REPRESENTATIVES

December 20, 2011

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Credit Union Act with respect to the limitations on member business loans.

1.

Short title

This Act may be cited as the Faith-Based Lending Protection Act.

2.

Member business loan exclusion for loans to nonprofit religious organizations

Section 107A(a) of the Federal Credit Union Act (12 U.S.C. 1757a(a)) is amended by inserting , excluding loans made to nonprofit religious organizations, after total amount of such loans.