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Senate Bill 3389
116th Congress(2019-2020)
Expanding Access to Lending Options Act
Introduced
Introduced
Introduced in Senate on Mar 4, 2020
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Introduced in Senate 
Mar 4, 2020
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Introduced in Senate(Mar 4, 2020)
Mar 4, 2020
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 3389 (Introduced-in-Senate)


116th CONGRESS
2d Session
S. 3389


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

March 4, 2020

Mr. Scott of South Carolina (for himself and Ms. Cortez Masto) 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”.