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H.R. 389

Referred to Committee

Credit Union Residential Loan Parity Act

Introduced 1/10/2017•115th Congress•House

Latest Action

Referred to the House Committee on Financial Services.

1/10/2017 • House

Summary

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.

Introduced in House • 1/10/2017

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Topics & Subjects

Credit and credit marketsHousing finance and home ownershipReal estate business

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (56)

Party Breakdown

43
Democrats
13
Republicans
0
Independents

Sponsor

R[
Rep. Royce, Edward R. [R-CA-39]

Republican • CA-39

Sponsored 1/10/2017

Cosponsors (55)

R[
Rep. Huffman, Jared [D-CA-2]

D-CA-2

Joined 1/10/2017

R[
Rep. DeFazio, Peter A. [D-OR-4]

D-OR-4

Joined 1/10/2017

RL
Rep. Young, Don [R-AK-At Large]

R-AK0

Joined 1/10/2017

R[
Rep. Cicilline, David N. [D-RI-1]

D-RI-1

Joined 1/23/2017

R[
Rep. Sherman, Brad [D-CA-30]

D-CA-30

Joined 2/13/2017

Bill Journey

Originated in the House

Introduced

January 10, 2017

Referred to the House Committee on Financial Services.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House1/10/2017

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors55