H. R. 4167

1. Short title
2. Sense of Congress
3. Powers of Federal credit unions

1. Short title

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

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.

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 striking "15 years" and inserting "20 years (or longer, as the Board may allow by regulation)"; and

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

119-HR4167

Expanding Access to Lending Options Act

119th CONGRESS

1st Session

H. R. 4167

1. Short title

2. Sense of Congress

3. Powers of Federal credit unions