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| Key Bills |
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| Bill No./Author |
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H.R. 3380 - Rep. Paul Kanjorski
Promoting Lending to America's Small Business Act of 2009 |
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| Co-Sponsor(s) |
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Rep Abercrombie, Neil [HI-1] - 2/25/2010
Rep Baca, Joe [CA-43] - 10/14/2009
Rep Baird, Brian [WA-3] - 10/14/2009
Rep Baldwin, Tammy [WI-2] - 9/14/2009
Rep Bartlett, Roscoe G. [MD-6] - 10/21/2009
Rep Berman, Howard L. [CA-28] - 3/9/2010
Rep Bilbray, Brian P. [CA-50] - 3/2/2010
Rep Bilirakis, Gus M. [FL-9] - 2/25/2010
Rep Bishop, Sanford D., Jr. [GA-2] - 12/14/2009
Rep Bishop, Timothy H. [NY-1] - 11/19/2009
Rep Braley, Bruce L. [IA-1] - 9/24/2009
Rep Brown, Corrine [FL-3] - 3/2/2010
Rep Burton, Dan [IN-5] - 10/21/2009
Rep Butterfield, G. K. [NC-1] - 3/18/2010
Rep Carnahan, Russ [MO-3] - 9/14/2009
Rep Carney, Christopher P. [PA-10] - 2/25/2010
Rep Carson, Andre [IN-7] - 10/14/2009
Rep Castor, Kathy [FL-11] - 12/14/2009
Rep Chu, Judy [CA-32] - 3/9/2010
Rep Cohen, Steve [TN-9] - 3/2/2010
Rep Connolly, Gerald E. "Gerry" [VA-11] - 1/15/2010
Rep Culberson, John Abney [TX-7] - 9/14/2009
Rep Dahlkemper, Kathleen A. [PA-3] - 1/26/2010
Rep Ehlers, Vernon J. [MI-3] - 3/2/2010
Rep Ellsworth, Brad [IN-8] - 12/1/2009
Rep Filner, Bob [CA-51] - 10/14/2009
Rep Fudge, Marcia L. [OH-11] - 9/14/2009
Rep Gallegly, Elton [CA-24] - 2/25/2010
Rep Grayson, Alan [FL-8] - 2/25/2010
Rep Green, Gene [TX-29] - 3/18/2010
Rep Hall, John J. [NY-19] - 1/15/2010
Rep Heinrich, Martin [NM-1] - 9/14/2009
Rep Herger, Wally [CA-2] - 3/9/2010
Rep Hinchey, Maurice D. [NY-22] - 10/26/2009
Rep Hoekstra, Peter [MI-2] - 3/18/2010
Rep Holden, Tim [PA-17] - 1/15/2010
Rep Holt, Rush D. [NJ-12] - 3/3/2010
Rep Honda, Michael M. [CA-15] - 10/21/2009
Rep Issa, Darrell E. [CA-49] - 3/2/2010
Rep Jackson Lee, Sheila [TX-18] - 3/2/2010
Rep Johnson, Eddie Bernice [TX-30] - 10/21/2009
Rep Johnson, Henry C. "Hank," Jr. [GA-4] - 11/19/2009
Rep Jones, Walter B., Jr. [NC-3] - 12/16/2009
Rep Kagen, Steve [WI-8] - 2/25/2010
Rep Kaptur, Marcy [OH-9] - 7/31/2009
Rep Kennedy, Patrick J. [RI-1] - 2/25/2010
Rep Kildee, Dale E. [MI-5] - 12/9/2009
Rep Kilpatrick, Carolyn C. [MI-13] - 2/25/2010
Rep Kissell, Larry [NC-8] - 2/25/2010
Rep Kosmas, Suzanne M. [FL-24] - 3/9/2010
Rep Langevin, James R. [RI-2] - 2/25/2010
Rep LaTourette, Steven C. [OH-14] - 10/1/2009
Rep Lewis, John [GA-5] - 1/15/2010
Rep Linder, John [GA-7] - 3/9/2010
Rep LoBiondo, Frank A. [NJ-2] - 3/9/2010
Rep Lowey, Nita M. [NY-18] - 3/2/2010
Rep Maloney, Carolyn B. [NY-14] - 2/25/2010
Rep Markey, Edward J. [MA-7] - 3/2/2010
Rep Massa, Eric J. J. [NY-29] - 12/9/2009
Rep McCarthy, Carolyn [NY-4] - 3/2/2010
Rep McDermott, Jim [WA-7] - 3/9/2010
Rep McGovern, James P. [MA-3] - 3/2/2010
Rep McMorris Rodgers, Cathy [WA-5] - 3/18/2010
Rep Meeks, Gregory W. [NY-6] - 3/2/2010
Rep Michaud, Michael H. [ME-2] - 9/24/2009
Rep Miller, Candice S. [MI-10] - 2/25/2010
Rep Miller, Jeff [FL-1] - 3/18/2010
Rep Napolitano, Grace F. [CA-38] - 11/16/2009
Rep Norton, Eleanor Holmes [DC] - 10/26/2009
Rep Ortiz, Solomon P. [TX-27] - 9/14/2009
Rep Pallone, Frank, Jr. [NJ-6] - 10/1/2009
Rep Pascrell, Bill, Jr. [NJ-8] - 9/14/2009
Rep Paul, Ron [TX-14] - 7/31/2009
Rep Payne, Donald M. [NJ-10] - 12/14/2009
Rep Peters, Gary C. [MI-9] - 2/25/2010
Rep Peterson, Collin C. [MN-7] - 3/9/2010
Rep Petri, Thomas E. [WI-6] - 11/2/2009
Rep Pingree, Chellie [ME-1] - 2/25/2010
Rep Pitts, Joseph R. [PA-16] - 1/15/2010
Rep Poe, Ted [TX-2] - 7/31/2009
Rep Posey, Bill [FL-15] - 3/9/2010
Rep Quigley, Mike [IL-5] - 3/9/2010
Rep Rahall, Nick J., II [WV-3] - 3/2/2010
Rep Rohrabacher, Dana [CA-46] - 3/2/2010
Rep Rothman, Steven R. [NJ-9] - 12/14/2009
Rep Royce, Edward R. [CA-40] - 7/29/2009
Rep Ryan, Tim [OH-17] - 9/14/2009
Rep Sarbanes, John P. [MD-3] - 2/25/2010
Rep Schakowsky, Janice D. [IL-9] - 12/16/2009
Rep Schauer, Mark H. [MI-7] - 12/9/2009
Rep Schrader, Kurt [OR-5] - 9/24/2009
Rep Shea-Porter, Carol [NH-1] - 3/2/2010
Rep Sherman, Brad [CA-27] - 10/1/2009
Rep Simpson, Michael K. [ID-2] - 12/14/2009
Rep Speier, Jackie [CA-12] - 9/14/2009
Rep Stark, Fortney Pete [CA-13] - 2/25/2010
Rep Stupak, Bart [MI-1] - 3/2/2010
Rep Sutton, Betty [OH-13] - 12/14/2009
Rep Upton, Fred [MI-6] - 12/9/2009
Rep Walz, Timothy J. [MN-1] - 1/15/2010
Rep Waters, Maxine [CA-35] - 10/14/2009
Rep Woolsey, Lynn C. [CA-6] - 3/2/2010
Rep Wu, David [OR-1] - 10/21/2009
Rep Young, Don [AK] - 1/26/2010 |
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| Description |
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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 $250,00 the maximum total extensions of credit a borrower or associated member of an insured credit union may have before any extension of credit shall be considered a member business loan.
Revises the prohibition against an increase in the total amount of member business loans by an undercapitalized insured credit union until it becomes adequately capitalized. Repeals the condition of becoming adequately capitalized, and requires only that the National Credit Union Administration Board approve the increase.
Excludes from the definition of "member business loan" any extension of credit, meeting other specified criteria, that is made to a member for commercial, corporate, business, farm, or agricultural purposes in an underserved area.
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| Bill Status |
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| 7/29/2009 Referred to House committee. Status: Referred to the House Committee on Financial Services. |
| Next Step |
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| Hearing or possible attachment to legislation moving |
| Our Position |
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| GCUA continues to support the elimination of the credit union member business lending cap, and to use every opportunity to advocate for this change in law. GCUA and CUNA remains hopeful that language to provide some form of business lending relief for credit unions can be added to legislation moving through Congress. |
| Georgia Legislator |
District |
Co-Sponsor |
Relation To Our Position
5=Aligned with CU perspective
3=Neutral
1=Contrary to CU perspective |
| 1. Rep. Jack Kingston |
R-1st |
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3 |
| 2. Rep. Sanford Bishop |
D-2nd |
Yes |
5 |
| 3. Rep. Lynn Westmoreland |
R-3rd |
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3 |
| 4. Rep. Hank Johnson |
D-4th |
Yes |
5 |
| 5. Rep. John Lewis |
D-5th |
Yes |
5 |
| 6. Rep. Tom Price |
R-6th |
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1 |
| 7. Rep. John Linder |
R-7th |
Yes |
5 |
| 8. Rep. Jim Marshall |
D-8th |
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3 |
| 9. Rep. Deal (VACANT) |
-9th |
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| 10. Rep. Paul Broun |
R-10th |
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3 |
| 11. Rep. Phil Gingrey |
R-11th |
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3 |
| 12. Rep. John Barrow |
R-12th |
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1 |
| 13. Rep. David Scott |
D-13th |
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5 |
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