[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1661 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1661

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


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 8, 2019

   Mr. Zeldin (for himself and Mr. Gonzalez of Texas) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 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. 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 any longer maturity as the Board may allow, in 
regulations,''.
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