Section 1 Short title
This Act may be cited as the “Increasing Credit Union Lending for Business Growth Act”.
Increasing Credit Union Lending for Business Growth Act
A BILL
To amend the Federal Credit Union Act to provide more loan flexibility to credit unions, to amend the Federal Home Loan Bank Act to expand homeownership access, and for other purposes.
Sec. 2 Expanding credit to small businesses
Section 107A(c)(1)(B)(iii) of the Federal Credit Union Act (12 U.S.C. 1757a(c)(1)(B)(iii)) is amended by striking “$50,000” and inserting “$100,000”.