Expanding Access to Lending Options Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3616 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 3616

 To provide the National Credit Union Administration Board flexibility 
    to increase Federal credit union loan maturities, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 13, 2026

Ms. Cortez Masto (for herself and Mr. Cramer) introduced the following 
 bill; which was read twice and referred to the Committee on Banking, 
                       Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To provide the National Credit Union Administration Board flexibility 
    to increase Federal credit union loan maturities, and for other 
                               purposes.

    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 ``Expanding Access to Lending Options 
Act''.

SEC. 2. 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 inserting 
        ``or up to a term of 20 years as the Board may allow, in 
        regulations'' after ``15 years''; and
            (2) in subparagraph (A)(i), by striking ``or will be the 
        principal residence of a credit union member, and which is''.
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