To amend the Federal Credit Union Act to exclude a loan secured by a non-owner occupied 1- to 4-family dwelling from the definition of a member business loan, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for California's 39th congressional district. Republican.
Last Updated: Jan 10, 2017
Length: 2 pages
115th Congress (2017–2019)
This bill was introduced on January 10, 2017, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
55 Cosponsors (43 Democrats, 12 Republicans)
What legislators are saying
“Bipartisan Legislation Introduced to Free Up Credit Union Lending”
— Rep. Edward “Ed” Royce [R-CA39, 2013-2018] (Sponsor) on Jan 10, 2017
Mar 13, 2014
Earlier Version — Introduced
This activity took place on a related bill, H.R. 4226 (113th).
Mar 18, 2015
Earlier Version — Introduced
This activity took place on a related bill, H.R. 1422 (114th).
Jan 10, 2017
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 389 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 389. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2022). H.R. 389 — 115th Congress: Credit Union Residential Loan Parity Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr389
“H.R. 389 — 115th Congress: Credit Union Residential Loan Parity Act.” www.GovTrack.us. 2017. January 23, 2022 <https://www.govtrack.us/congress/bills/115/hr389>
Credit Union Residential Loan Parity Act, H.R. 389, 115th Cong. (2017).
|title=H.R. 389 (115th)
|accessdate=January 23, 2022
|author=115th Congress (2017)
|date=January 10, 2017
|quote=Credit Union Residential Loan Parity Act
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.