I 118th CONGRESS 1st Session H. R. 4868 IN THE HOUSE OF REPRESENTATIVES July 25, 2023 Mr. Vicente Gonzalez of Texas (for himself and Mr. Fitzpatrick ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Credit Union Act to provide more loan flexibility to credit unions, to amend the Federal Home Loan Bank Act to expand homeownership access, and for other purposes.

1. Short title This Act may be cited as the Member Business Loan Expansion Act . 2. Flexibility for NCUA Board to increase Federal credit union loan maturities Section 107(5) of the Federal Credit Union Act ( 12 U.S.C. 1757(5) ) is amended by inserting after shall not exceed 15 years the following: (or such longer maturity as the Board may allow, by regulation) . 3. Expanding credit to small businesses Section 107A(c)(1)(B)(iii) of the Federal Credit Union Act ( 12 U.S.C. 1757a(c)(1)(B)(iii) ) is amended by striking $50,000 and inserting $100,000 . 4. Expanding homeownership access through community financial institutions Section 2(10)(A) of the Federal Home Loan Bank Act ( 12 U.S.C. 1422(10)(A) ) is amended— (1) in clause (i), by inserting after Federal Deposit Insurance Act the following or Federal Credit Union Act ; and (2) in clause (ii), by striking $1,000,000,000 and inserting $10,000,000,000 .