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Veterans Business Loan Exemption Bill
Recent Bills/Veterans Business Loan Exemption Bill

Veterans Business Loan Exemption Bill

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Introduced in Senate
Why This Matters

This bill allows credit unions to give more loans to veterans by not counting those loans against business loan limits. This helps support veterans in starting or expanding their businesses.

If you are a veteran, you could get more financial support to start or grow your business.
Who this affects
Veterans seeking loans
What changes is this bill making?
  1. 1This bill changes the rules for member business loans at credit unions.
  2. 2It allows loans made to veterans to be excluded from the business loan limit.
  3. 3This means credit unions can offer more loans to veterans without restrictions.
  4. 4The bill defines a veteran based on existing federal definitions.
  5. 5The changes will take effect 180 days after the bill becomes law.
Read the detailed summary

Veterans Member Business Loan Act This bill excludes from credit union aggregate loan limitations member business loans made to veterans.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 3, 2025

Introduced in Senate

Sponsors
See all 5 sponsors
Senate
House
President

The President

Joe Biden
46th President
Awaiting Vote
Similar Bills
House Bill · HR 507
3 of 4 · Passed Senate
Veterans Member Business Loan Act
·Economy
House Bill · HR 828
3 of 4 · Passed House
Improves Access to Business Loans for Veterans
SERV Act
·Economy
House Bill · HR 6648
1 of 4 · Introduced
Support for Veteran-Owned Businesses
FAIR Vets Act
·Economy