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Expanding Access to Lending Options Act
H.R. 6933118th Congress

Expanding Access to Lending Options Act

Introduced in the HouseRep. Scott Fitzgerald (R-WI-5)5 sections · 1 min read
Version: Introduced in House · Jan 10, 2024

Section 1. Short title

This Act may be cited as the Expanding Access to Lending Options Act.

Section 2. Sense of Congress

It is the sense of Congress that as the prudential regulator of the federally chartered credit unions of the United States, it is of paramount importance that the NCUA place safety and soundness as a cornerstone of its oversight of these credit unions.

Section 3. Powers of Federal credit unions

Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) is amended—

(1) in the matter preceding subparagraph (A), by inserting (or, as the Board may allow by regulation, shall not exceed 20 years) after 15 years; and

(2) in subparagraph (A)(i), by striking or will be the principal residence of a credit union member, and which is.

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