US Codex
Bill
Notes

To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.

H.R. 5061 · 113th Congress · Jul 10, 2014 · Lineage

A BILL

Section 1 Member business loan definition

(a)
In general— Section 107A(c) of the Federal Credit Union Act (12 U.S.C. 1757a(c)) is amended—
(1)
in paragraph (1)(B)—
(A)
in clause (iv), by striking “or” at the end;
(B)
in clause (v), by striking the period and inserting “; or”; and
(C)
by adding at the end the following:

“(vi) made to a veteran;”

(2)
in paragraph (2), by striking “and” at the end;
(3)
in paragraph (3), by striking the period and inserting “; and”; and
(4)
by adding at the end the following:

“(4) the term “veteran” has the meaning given such term under section 101 of title 38, United States Code.”

(b)
Effective date— The amendments made by subsection (a) shall take effect after the end of the 6-month period beginning on the date of the enactment of this Act.