CONGRESS FOR VOTERS

Vicente Gonzalez (D-TX)

Increasing Credit Union Lending for Business Growth Act

H.R. 1791 · House bill Finance and Financial Sector

A Democratic bill with 2 Republican cosponsors · See all 2 cosponsors

Last activity — Referred to the House Committee on Financial Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the "Increasing Credit Union Lending for Business Growth Act." It aims to amend the Federal Credit Union Act to provide more loan flexibility to credit unions. It also seeks to amend the Federal Home Loan Bank Act to expand homeownership access. Additionally, the bill includes provisions for other purposes. One specific change involves expanding credit to small businesses.

Yes· 3 of 5

  • Scored +5

    Does this make it easier to run a small business?

    The bill increases the specific loan amount cap from $50,000 to $100,000 to provide more flexibility for small business lending through credit unions.

  • Scored +5

    Would business owners be better off under this?

    The increase in the loan cap from $50,000 to $100,000 provides more substantial financing options for business owners using credit unions.

  • Scored +3

    Is this likely to create jobs?

    By doubling the loan limit for credit unions, the bill facilitates greater capital availability for small business expansion and hiring.

The opposite

No question was scored the opposite.