II
117th CONGRESS
2d Session
S. 3813
IN THE SENATE OF THE UNITED STATES
March 10 (legislative day, March 7), 2022
Mr. Sullivan (for himself and Ms. Hirono) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Short title
This Act may be cited as the Veterans Member Business Loan Act
.
Member business loan definition
In general
Section 107A(c) of the Federal Credit Union Act (12 U.S.C. 1757a(c)) is amended—
in paragraph (1)(B)—
in clause (iv), by striking or
at the end;
in clause (v), by striking the period and inserting ; or
; and
by adding at the end the following:
made to a veteran;
;
in paragraph (2)(B)(ii), by striking and
at the end;
in paragraph (3), by striking the period and inserting ; and
; and
by adding at the end the following:
the term veteran has the meaning given the term in section 101 of title 38, United States Code.
.
Effective date
The amendments made by subsection (a) shall take effect 180 days after the date of enactment of this Act.
