To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires member business loan definition Section 107A(c) of the Federal Credit Union Act (12 U.S.C. It relies on definition changes and compliance mandates. The main policy areas are Finance, Veterans, and Veterans Affairs.
Who Benefits and How
The main beneficiaries are the people, organizations, or agencies identified in the bill's substantive provisions.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Veterans and VA beneficiaries affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Requires member business loan definition Section 107A(c) of the Federal Credit Union Act (12 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires member business loan definition Section 107A(c) of the Federal Credit Union Act (12 U.S.C.
Key Policy Areas
Finance, Veterans, Veterans Affairs
Primary Purpose
The bill requires member business loan definition Section 107A(c) of the Federal Credit Union Act (12 U.S.C.
Policy Domains
Whole bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Veterans and VA beneficiaries affected by the bill
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Sullivan (for himself and Ms. Hirono) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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