United States 119th Congress Status: In Committee Bipartisan · 4 D · 1 R cosponsors

S 110 — Veterans Member Business Loan Act

Last action — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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

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

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

Prognosis

Advancing 40% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 5 sponsors

    1 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

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

6 changes Share ↗

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

The bill excludes extensions of credit made to veterans from the definition of a member business loan under the Federal Credit Union Act.

  • 12 U.S.C. 1757a(c)(1)(B)

    or → ; or

    This change allows for the addition of a new category of loans, specifically those made to veterans, by properly structuring the list.

  • 12 U.S.C. 1757a(c)(1)(B)

    . → ; or

    This change prepares for the addition of an exemption for loans made to veterans by modifying the sentence structure.

  • 12 U.S.C. 1757a(c)(1)

    (vi) made to a veteran;

    This addition specifically exempts extensions of credit made to veterans from being categorized as member business loans.

  • 12 U.S.C. 1757a(c)(2)(B)

    and

    This change modifies the list to accommodate the additional category of loans without altering the meaning of existing provisions.

  • 12 U.S.C. 1757a(c)(3)

    . → ; and

    This alteration modifies the sentence structure to introduce a new definition of 'veteran' that aligns with existing law.

  • 12 U.S.C. 1757a(c)

    (4) the term `veteran' has the meaning given the term in section 101 of title 38, United States Code.

    This addition provides a clear definition of 'veteran' to ensure consistent application in the context of member business loans.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sponsorship breakdown

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1 sponsors · 4 co-sponsors · 542 not signed on

Sponsors (1)

Co-sponsors (4)

Not signed on (542)

542 members have not signed on to this bill.

Show all 542 →

"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 S 110 do?
Veterans Member Business Loan ActThis bill excludes from credit union aggregate loan limitations member business loans made to veterans.
Who sponsors S 110?
S 110 is sponsored by Sullivan, Dan (Republican), Hirono, Mazie K. (Democratic), Coons, Christopher A. (Democratic), Merkley, Jeff (Democratic), and Whitehouse, Sheldon (Democratic).
What is the current status of S 110?
This bill is in committee in the Senate. Introduced January 16, 2025. It must pass committee before a floor vote.
Where can I track S 110?
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Last checked for changes 4 months ago · updated continuously

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