House
Jul 29, 2009

To amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities, and for other purposes.

Summary

Official

Promoting Lending to America's Small Businesses Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets. Increases from $50,000 to $250,000 the maximum total extensions of credit a...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(7/29/09)
Committee
Passed House
Passed Senate
President
Law

Sponsor

PK

Mr. KANJORSKI

(D) PA – 11

Cosponsors (40)

Topics

Latest Action

Referred to the House Committee on Financial Services.

Jul 29, 2009