109th CONGRESS
1st Session
H. R. 191
To amend the Federal Credit Union Act with respect to the limitations
on member business loans.
IN THE HOUSE OF REPRESENTATIVES
January 4, 2005
Mr. ROYCE (for himself and Mr. KANJORSKI) introduced the following bill;
which was referred to the Committee on Financial Services
A BILL
To amend the Federal Credit Union Act with respect to the limitations
on member business loans.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Faith-Based Lending Protection Act'.
SEC. 2. MEMBER BUSINESS LOAN EXCLUSION FOR LOANS TO NONPROFIT RELIGIOUS
ORGANIZATIONS.
Section 107A(a) of the Federal Credit Union Act (12 U.S.C. 1757a(a)) is amended
by inserting `, excluding loans made to nonprofit religious organizations,'
after `total amount of such loans'.
END
