Both sides have signed this (Bill Ranking)
H.R. 507 · 119th Congress (2025-2026)
71 members · Left 35 · Center 12 · Right 24 (Bill Ranking)
| Sponsor | Rep. Gonzalez, Vicente (D-TX) (Introduced 01/16/2025) |
|---|---|
| Sponsor Voting Record | Lean left · DW-NOMINATE -0.39 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 71 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | House - Financial Services Committee |
| Latest Action | 01/16/2025 Referred to the House Committee on Financial Services. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Introduced in House (01/16/2025)
Veterans Member Business Loan Act
This bill excludes from credit union aggregate loan limitations member business loans made to veterans.
119 HR 507 IH: Veterans Member Business Loan Act U.S. House of Representatives 2025-01-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 507IN THE HOUSE OF REPRESENTATIVESJanuary 16, 2025Mr. Vicente Gonzalez of Texas (for himself, Mr. Fitzpatrick, Mr. Costa, Ms. Tokuda, Mr. Ciscomani, Ms. Brownley, Mr. Golden of Maine, Mrs. Cherfilus-McCormick, Mr. Connolly, Mr. Biggs of Arizona, Mr. Valadao, Mr. Cuellar, Ms. Titus, Ms. Bonamici, Mr. Lynch, Mr. Carson, Mr. Rogers of Kentucky, Mr. Cole, Mr. Gottheimer, Mr. Ryan, Mr. Rutherford, and Mr. Crane) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.1.Short titleThis Act may be cited as the Veterans Member Business Loan Act2.Member business loan definition(a)In generalSection 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 and inserting ; or; and(C)by adding at the end the following:(vi)made to a veteran;;(2)in paragraph (2), by striking and at the end;(3)in paragraph (3), by striking the period and inserting ; and; and(4)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..(b)Effective dateThe 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.
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 01/16/2025 | Library of Congress | Introduced in House |
| 01/16/2025 | Library of Congress | Introduced in House |
| 01/16/2025 | House floor actions | Referred to the House Committee on Financial Services. |
| Title Type | Title |
|---|---|
| Display Title | Veterans Member Business Loan Act |
| Short Title(s) as Introduced | Veterans Member Business Loan Act |
| Official Title as Introduced | To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan. |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| House - Financial Services Committee | 01/16/2025 Referred To |
Policy Area: Finance and Financial Sector
No legislative subjects have been assigned yet.
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.