US HR389

Bill

US HR389

Credit Union Residential Loan Parity Act

Introduced
01/10/2017

In Committee
01/10/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

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.

AI Summary

This bill, the Credit Union Residential Loan Parity Act, amends the Federal Credit Union Act to allow credit unions to extend member business loans with respect to one- to four-family dwellings, regardless of whether the dwelling is the member's primary residence. Under the current law, such loans were only permitted for the member's primary residence. This change is intended to provide credit unions with more flexibility in offering business loans secured by residential properties.

Committee Categories

Business and Industry

Sponsors (56)

Edward Royce (R)*, Pete Aguilar (D), Mark Amodei (R), Nanette Barragán (D), Karen Bass (D), Ami Bera (D), Don Beyer (D), Julia Brownley (D), Michael Capuano (D), Salud Carbajal (D), Tony Cárdenas (D), David Cicilline (D), Katherine Clark (D), Paul Cook (R), Lou Correa (D), Susan Davis (D), Peter DeFazio (D), Mark DeSaulnier (D), Anna Eshoo (D), Tulsi Gabbard (D), John Garamendi (D), Jimmy Gomez (D), Denny Heck (D), Jaime Herrera Beutler (R), Jim Himes (D), Jared Huffman (D), Darrell Issa (R), Pramila Jayapal (D), Walter Jones (R), Joseph Kennedy (D), Ruben Kihuen (D), Ron Kind (D), Stephen Knight (R), Doug LaMalfa (R), James Langevin (D), Ted Lieu (D), Doris Matsui (D), Tom McClintock (R), Seth Moulton (D), Grace Napolitano (D), Dan Newhouse (R), Richard Nolan (D), Eleanor Holmes Norton (D), Frank Pallone (D), Mark Pocan (D), Jacky Rosen (D), Lucille Roybal-Allard (D), Linda Sánchez (D), Adam Schiff (D), F. James Sensenbrenner (R), Brad Sherman (D), Dina Titus (D), Norma Torres (D), David Valadao (R), Bonnie Watson Coleman (D), Don Young (R),

Last Action

Referred to the House Committee on Financial Services. (on 01/10/2017)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/389/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/389/all-info
BillText	https://www.congress.gov/115/bills/hr389/BILLS-115hr389ih.pdf
Bill	https://www.congress.gov/115/bills/hr389/BILLS-115hr389ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related
S836	Credit Union Residential Loan Parity Act	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)	Same As

Bill > HR389

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (56)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary