S 3616 · 119th Congress

Expanding Access to Lending Options Act

This bill gives the National Credit Union Administration Board more flexibility in setting loan rules for federal credit unions. Right now, federal credit unions can make loans with repayment periods of up to 15 years. This bill allows the Board to increase that maximum to 20 years if they decide it's appropriate th…

Sponsor

Cortez Masto, Catherine (D-Nevada)

Introduced

2026-01-13

Policy area

Finance and Financial Sector

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.