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Exempts Veterans from Business Loan Limits
Recent Bills/Exempts Veterans from Business Loan Limits

Exempts Veterans from Business Loan Limits

IntroducedJanuary 16, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on Financial Services.
Finance and Financial Sector
More:Recently Introduced BillsEconomyHouse Bills
Why This Matters

This bill allows veterans to receive loans from credit unions without these loans being counted as member business loans. This change helps veterans access more financial resources for their businesses.

If you are a veteran, this bill lets you access more loans to support your business without hitting loan limits.
Who this affects
Veterans · Business owners
What changes is this bill making?
  1. 1This bill allows veterans to receive loans without counting against business loan limits.
  2. 2Credit unions can offer more financial support to veterans starting or expanding businesses.
  3. 3The bill defines a veteran based on federal law, ensuring clarity in who qualifies.
  4. 4This change aims to promote entrepreneurship among veterans.
Read the detailed summary

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

Read full document
Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentJan 16, 2025

Referred to the House Committee on Financial Services.

Sponsors
See all 70 sponsors
House
Senate
President

The President

Joe Biden
46th President
Awaiting Vote
Similar Bills
Senate Bill · S 110
1 of 4 · Introduced
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 2987
3 of 4 · Passed House
Limits Number of Small Business Lenders
CEASE Act of 2025
·Economy