,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #afdf  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ah1 #bjac    
,mrs4 ,carolyn ,b4 ,maloney of ,new     
,york 7for herself1 ,mr4 ,grimm1 and    
,mrs4 ,mc,carthy of ,new ,york7         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
amend the ,federal ,credit ,union ,act  
to provide an exception from the member 
business loan cap for loans made to aid 
in the recovery from a disaster4  #a4   
,exception for disaster area loans  7a7 
,in general ,section #ajg;,a7b7 of the  
,federal ,credit ,union ,act 7#ab       
,u4,s4,c4 #ageg;a7b77 is amended--  7#a7
 in paragraph 7#a71 by striking or at   
the end2  7#b7 in paragraph 7#b71 by    
striking the period and inserting 2 or2 
and  7#c7 by adding at the end the      
following3  7#c7 a member business loan1
 the proceeds of which will be used to  
aid in the recovery from a disaster1    
if--  7,a7 such disaster was the basis  

for the declaration of a major disaster 
area under section #dja of the ,robert  
,t4 ,stafford ,disaster ,relief and     
,emergency ,assistance ,act 7#db        
,u4,s4,c4 #eagj72 and  7,b7 the         
extension of credit is being made before
 the end of the #e-year period beginning
 on the date of such declaration4  4    
7b7 ,rulemaking ,not later than the end 
of the #ahj-;day period beginning on the
 date of the enactment of this ,act1 the
 ,national ,credit ,union               
,administration ,board shall issue      
regulations to define when an extension 
of credit aids in the recovery from a   
disaster for purposes of section        
#ajg;,a7b77#c7 of the ,federal ,credit  
,union ,act 7#ab ,u4,s4,c4              
#ageg;a7b77#c774