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H.R. 1661: To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.

The text of the bill below is as of Mar 8, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 1661

IN THE HOUSE OF REPRESENTATIVES

March 8, 2019

(for himself and Mr. Gonzalez of Texas) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.

1.

Flexibility for NCUA Board to increase Federal credit union loan maturities

Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) is amended by inserting after shall not exceed 15 years, the following: or any longer maturity as the Board may allow, in regulations,.