S. 539 (Introduced in Senate) — Veterans Member Business Loan Act

This Act may be cited as the “Veterans Member Business Loan Act”.

(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 at the end and inserting “; or”; and

(C)

by adding at the end the following:

“(vi) made to a veteran;”

(2)

in paragraph (2)(B)(ii), by striking “and” at the end;

(3)

in paragraph (3), by striking the period at the end and inserting “; and”; and

(4)

by adding at the end the following:

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

(b)

Effective date— The amendments made by subsection (a) shall take effect on the date that is 180 days after the date of enactment of this Act.

Veterans Member Business Loan Act