S. 836 · 115th Congress
Credit Union Residential Loan Parity Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WydenSponsor10 cosponsors · 8 D, 2 R
D
Markey
LM
R
Murkowski
EW
D
Warren
SW
D
Whitehouse
TB
D
Baldwin
SC
R
Collins
DF
D
Feinstein
JM
D
Merkley
KH
D
Harris
CC
D
Cortez Masto3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence.
What it does: CRS summary · Introduced in Senate · Apr 5, 2017
Credit Union Residential Loan Parity Act
This bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Credit Union Residential Loan Parity Act
Latest action (Apr 5, 2017): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2366; text as introduced in Senate: CR S2366)
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Apr 5, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.