HR 389 · 115th Congress · Finance and Financial Sector

Credit Union Residential Loan Parity Act

Introduced 2017-01-10· Sponsored by Rep. Royce, Edward R. [R-CA-39]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2017-01-10)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

10 Democrats10 Republicans
Rep. Huffman, Jared [D-CA-2]CA
Rep. DeFazio, Peter A. [D-OR-4]OR
Rep. Young, Don [R-AK-At Large]AK
Rep. Cicilline, David N. [D-RI-1]RI
Rep. Sherman, Brad [D-CA-30]CA
Rep. Beyer, Donald S., Jr. [D-VA-8]VA
Rep. Heck, Denny [D-WA-10]WA
Rep. Herrera Beutler, Jaime [R-WA-3]WA
Rep. Clark, Katherine M. [D-MA-5]MA
Rep. Langevin, James R. [D-RI-2]RI
Rep. LaMalfa, Doug [R-CA-1]CA
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Garamendi, John [D-CA-3]CA
Rep. Sensenbrenner, F. James, Jr. [R-WI-5]WI
Rep. Pocan, Mark [D-WI-2]WI
Rep. Cook, Paul [R-CA-8]CA
Rep. McClintock, Tom [R-CA-4]CA
Rep. Issa, Darrell E. [R-CA-49]CA
Rep. Valadao, David G. [R-CA-21]CA
Rep. Newhouse, Dan [R-WA-4]WA