House
Jul 29, 2009To 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...
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