Section 1 Short title
This Act may be cited as the “Veterans Member Business Loan Act”
Veterans Member Business Loan Act
A BILL
To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Sec. 2 Member business loan definition
in paragraph (1)(B)—
in clause (iv), by striking “or” at the end;
in clause (v), by striking the period and inserting “; or”; and
by adding at the end the following:
“(vi) made to a veteran;”
in paragraph (2), by striking “and” at the end;
in paragraph (3), by striking the period and inserting “; and”; and
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.”
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.