- Not enactedThe President has not signed this bill
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- The house has not voted
Committee on Financial ServicesIntroducedApril 18th, 2013
- house Committees
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To amend the Federal Credit Union Act to provide an exception from the member business loan cap for loans made to aid in the recovery from a disaster.
Amends the Federal Credit Union Act to exempt from the limit on member business loans those that are: (1) used to aid in the recovery from a major disaster declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, and (2) made within five years after such a declaration. Directs the National Credit Union Administration Board to issue regulations defining when an extension of credit aids in the recovery from a disaster.