CONGRESS FOR VOTERS

Dan Sullivan (R-AK)

Veterans Member Business Loan Act

S. 110 · Senate bill Finance and Financial Sector

A Republican bill with 4 Democratic cosponsors · See all 4 cosponsors

Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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, titled the "Veterans Member Business Loan Act," aims to amend the Federal Credit Union Act. It seeks to change the definition of a member business loan by excluding extensions of credit made to veterans. Specifically, it adds a provision that excludes loans made to a veteran from the current definition. The term "veteran" will be defined according to the meaning given in section 101 of title 38, United States Code. These changes are set to take effect 180 days after the act is enacted.

Yes· 3 of 7

  • Scored +4

    Would veterans be better off under this, taking everything together?

    The bill specifically benefits veterans by facilitating easier access to credit through credit unions.

  • Scored +3

    Does this make it easier to run a small business?

    The bill eases credit access for veterans by altering how credit union loans are categorized under the Federal Credit Union Act.

  • Scored +3

    Does this increase the pay, pensions or support veterans receive?

    The bill expands financial opportunities for veterans by changing the regulatory definition of loans available through credit unions.

The opposite

No question was scored the opposite.