|
|
|
 |
| Key Bills |
|
| Bill No./Author |
|
|
|
S.2919 - Small Business Lending Enhancement Act of 2009
Sen Udall, Mark [CO] (introduced 12/21/2009) |
|
|
| Co-Sponsor(s) |
|
|
|
Sen Bennet, Michael F. [CO] - 2/9/2010
Sen Boxer, Barbara [CA] - 12/21/2009
Sen Collins, Susan M. [ME] - 12/21/2009
Sen Gillibrand, Kirsten E. [NY] - 12/21/2009
Sen Lieberman, Joseph I. [CT] - 12/21/2009
Sen Reid, Harry [NV] - 3/1/2010
Sen Sanders, Bernard [VT] - 2/24/2010
Sen Schumer, Charles E. [NY] - 12/21/2009
Sen Snowe, Olympia J. [ME] - 12/21/2009
Sen Specter, Arlen [PA] - 2/25/2010
|
|
|
|
| Description |
|
|
|
12/21/2009--Introduced.
Small Business Lending Enhancement 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.
Directs the National Credit Union Administration (NCUA) Board to report semiannually to Congress on the status of member business lending made by insured credit unions during the reporting period.
|
| Bill Status |
|
|
|
| Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Next Step |
|
|
|
| Awaiting hearing |
| Our Position |
|
|
|
| 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. Senator Saxby Chambliss |
|
|
1 |
| 2. Senator Johnny Isakson |
|
|
3 |
|
|
|
|
 |
|
 |
|
