United States 119th Congress Status: In Committee Bipartisan · 45 D · 25 R cosponsors

HR 507 — Veterans Member Business Loan Act

Last action — Referred to the House Committee on Financial Services.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced January 16, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 70 sponsors

    1 primary, 69 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (45 D · 25 R) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Veterans Member Business Loan ActThis bill excludes from credit union aggregate loan limitations member business loans made to veterans.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

This bill amends the definition of member business loans to exclude extensions of credit made to veterans.

  • 12 U.S.C. 1757a(c)(1)(B)

    ''; → ''; or''

    The bill adds a clause to allow loans to veterans to be excluded from member business loan definitions.

  • 12 U.S.C. 1757a(c)(1)(B)

    '' → ''; or''

    The bill modifies the ending of another clause to allow for further additions.

  • 12 U.S.C. 1757a(c)(1)

    ''(vi) made to a veteran;''

    This defines loans made to veterans as excluded from the member business loan definition.

  • 12 U.S.C. 1757a(c)(4)

    ''the term `veteran' has the meaning given such term under section 101 of title 38, United States Code.''

    This establishes a definition for 'veteran' in this context, referring to existing law.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 69 co-sponsors · 477 not signed on

Sponsors (1)

Co-sponsors (69)

Not signed on (477)

477 members have not signed on to this bill.

Show all 477 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance veterans
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 507 do?
Veterans Member Business Loan ActThis bill excludes from credit union aggregate loan limitations member business loans made to veterans.
Who sponsors HR 507?
HR 507 is sponsored by Gonzalez, Vicente (Democratic), Fitzpatrick, Brian K. (Republican), Costa, Jim (Democratic), Tokuda, Jill N. (Democratic), Ciscomani, Juan (Republican), Brownley, Julia (Democratic), Golden, Jared F. (Democratic), Cherfilus-McCormick, Sheila (Democratic), Connolly, Gerald E. (Democratic), Biggs, Andy (Republican), Valadao, David G. (Republican), Cuellar, Henry (Democratic), Titus, Dina (Democratic), Bonamici, Suzanne (Democratic), Lynch, Stephen F. (Democratic), Carson, André (Democratic), Rogers, Harold (Republican), Cole, Tom (Republican), Gottheimer, Josh (Democratic), Ryan, Patrick (Democratic), Rutherford, John H. (Republican), Crane, Elijah (Republican), Horsford, Steven (Democratic), Simpson, Michael K. (Republican), Malliotakis, Nicole (Republican), Mills, Cory (Republican), Conaway, Herbert C. (Democratic), Owens, Burgess (Republican), McGovern, James P. (Democratic), Neguse, Joe (Democratic), Fields, Cleo (Democratic), Thanedar, Shri (Democratic), Evans, Gabe (Republican), Cisneros, Gilbert Ray (Democratic), Begich, Nicholas J. (Republican), Salinas, Andrea (Democratic), Sherman, Brad (Democratic), Bergman, Jack (Republican), Sewell, Terri A. (Democratic), Soto, Darren (Democratic), Correa, J. Luis (Democratic), Lieu, Ted (Democratic), Harder, Josh (Democratic), Houlahan, Chrissy (Democratic), Magaziner, Seth (Democratic), Kean, Thomas H. (Republican), Scott, David (Democratic), Langworthy, Nicholas A. (Republican), Whitesides, George (Democratic), Edwards, Chuck (Republican), Subramanyam, Suhas (Democratic), McBride, Sarah (Democratic), Ross, Deborah K. (Democratic), Riley, Josh (Democratic), McClellan, Jennifer L. (Democratic), Maloy, Celeste (Republican), Krishnamoorthi, Raja (Democratic), Harrigan, Pat (Republican), Sánchez, Linda T. (Democratic), Morelle, Joseph D. (Democratic), Mackenzie, Ryan (Republican), Massie, Thomas (Republican), Latimer, George (Democratic), Carbajal, Salud O. (Democratic), Baird, James R. (Republican), Goodlander, Maggie (Democratic), Adams, Alma S. (Democratic), Cammack, Kat (Republican), McGuire, John J. (Republican), and Keating, William R. (Democratic).
What is the current status of HR 507?
This bill is in committee in the House. Introduced January 16, 2025. It must pass committee before a floor vote.
Where can I track HR 507?
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