,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #fhh  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #ad1 #bjac   
,mr4 ,royce 7= himself1 ,mrs4 ,mc,carthy
 ( ,new ,york1 ,mr4 ,bi%op ( ,georgia1  
,mr4 ,blum5au]1 ,ms4 ,bonamici1 ,mr4    
,calv]t1 ,mr4 ,*abot1 ,mr4 ,cicill9e1   
,mr4 ,coble1 ,mr4 ,connolly1 ,mr4 ,cook1
 ,ms4 ,hahn1 ,mr4 ,heck ( ,nevada1 ,mr4 
,huffman1 ,mr4 ,johnson ( ,georgia1 ,mr4
 ,jones1 ,mr4 ,l>son ( ,connecticut1    
,mr4 ,lewis1 ,mr4 ,mc,clintock1 ,mr4    
,meeks1 ,mr4 ,mi*aud1 ,mrs4 ,napolitano1
 ,ms4 ,norton1 ,mr4 ,pet]s ( ,mi*igan1  
,ms4 ,p+ree ( ,ma9e1 ,mr4 ,poe ( ,texas1
 ,mr4 ,posey1 ,ms4 ,roybal-,all>d1 ,mr4 
,s*iff1 ,mr4 ,s*rad]1 ,mr4 ,%]man1 ,mr4 
,/iv]s1 ,mr4 ,?ompson ( ,cali=nia1 ,mr4 
,upton1 ,ms4 ,wat]s1 ,mr4 ,y>mu?1 ,mr4  
,bi%op ( ,new ,york1 & ,mr4 ,"y (       
,alaska7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,cr$it ,union ,act to provide c]ta9     
cr$it unions ) ! au?ority to make       

additional memb] bus9ess loans1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,cr$it ,union ,small       
,bus9ess ,jobs ,creation ,act4  #b4     
,limits on memb] bus9ess loans  7a7     
,revis$ limitation & crit]ia ,effective 
#f mon?s aft] ! date ( enactm5t ( ?is   
,act1 section #ajg;,a7a7 ( ! ,f$]al     
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#ageg;a7a77 is am5d$ to read z foll[s3  
7a7 ,limitation  7#a7 ,9 g5]al ,except z
 provid$ 9 p>agraph 7#b71 an insur$     
cr$it union may n make any memb] bus9ess
 loan t w\ld result 9 ! total am\nt (   
su* loans out/&+ at t cr$it union at any
 "o "t to be equal to m ?an ! less] (-- 
7,a7 #a4ge times ! actual net wor? ( !  
cr$it union2 or  7,b7 #ab4be p]c5t ( !  
total assets ( ! cr$it union4  7#b7     
,additional ,au?ority ,! ,bo>d may      
approve an application by an insur$     
cr$it union ^u a f9d+ t ! cr$it union   
meets ! crit]ia "u ?is p>agraph to make 
#a or m memb] bus9ess loans t w\ld      
result 9 a total am\nt ( su* loans      

out/&+ at any "o "t ( n m ?an #bg4e     
p]c5t ( ! total assets ( ! cr$it union1 
if ! cr$it union--  7,a7 _h memb]       
bus9ess loans out/&+ at ! end ( ea* ( ! 
#d consecutive qu>t]s imm$iately prec$+ 
! date ( ! application1 9 a total am\nt 
( n less ?an #hj p]c5t ( ! applicable   
limitation "u p>agraph 7#a72  7,b7 is   
well capitaliz$1 z def9$ 9 section      
#baf7;c77#a77;,a72  7,c7 c demon/rate at
 lea/ #e ye>s ( exp]i5ce ( s\nd         
und]writ+ & s]vic+ ( memb] bus9ess      
loans2  7,d7 has ! requisite policies & 
exp]i5ce 9 manag+ memb] bus9ess loans2 &
  7,e7 has satisfi$ o!r /&>ds t ! ,bo>d 
det]m9es are necess>y to ma9ta9 ! safety
 & s\ndness ( ! insur$ cr$it union4     
7#c7 ,effect ( n be+ well capitaliz$ ,an
 insur$ cr$it union t has made memb]    
bus9ess loans "u an au?orization "u     
p>agraph 7#b7 & t is n1 z ( its mo/     
rec5t qu>t]ly call report1 well         
capitaliz$1 may n make any memb] bus9ess
 loans until su* "t z ! cr$it union     
becomes well capitaliz$1 z reflect$ 9 a 

subsequ5t qu>t]ly call report1 & obta9s 
! approval ( ! ,bo>d4  4  7b7           
,implem5tation  7#a7 ,ti]$ approval     
process ,! ,bo>d %all develop a ti]$    
approval process1 "u :i* an insur$ cr$it
 union gradually increases ! am\nt (    
memb] bus9ess l5d+ 9 a mann] t is       
consi/5t ) safe & s\nd op]ations1       
subject to ! limits e/abli%$ "u section 
#ajg;,a7a77#b7 ( ! ,f$]al ,cr$it ,union 
,act 7z am5d$ by ?is ,act74 ,! rate (   
increase "u ! process e/abli%$ "u ?is   
p>agraph may n exce$ #cj p]c5t p] ye>4  
7#b7 ,rulemak+ requir$ ,! ,bo>d %all    
issue propos$ rules1 n lat] ?an #f mon?s
 aft] ! date ( enactm5t ( ?is ,act1 to  
e/abli% ! ti]$ approval process requir$ 
"u p>agraph 7#a74 ,! ti]$ approval      
process %all e/abli% /&>ds design$ to   
ensure t ! new bus9ess l5d+ capacity    
au?oriz$ "u ! am5dm5t made by subsection
 7a7 is be+ us$ only by insur$ cr$it    
unions t are well manag$ & well         
capitaliz$1 z requir$ by ! am5dm5ts made
 "u subsection 7a7 & z def9$ by ! rules 

issu$ by ! ,bo>d "u ?is p>agraph4  7#c7 
,consid]ations ,9 issu+ rules requir$ "u
 ?is subsection1 ! ,bo>d %all consid]-- 
7,a7 ! exp]i5ce level ( ! in/itutions1  
includ+ a demon/rat$ hi/ory ( s\nd memb]
 bus9ess l5d+2  7,b7 ! crit]ia "u       
section #ajg;,a7a77#b7 ( ! ,f$]al ,cr$it
 ,union ,act1 z am5d$ by ?is ,act2 &    
7,c7 su* o!r factors z ! ,bo>d det]m9es 
necess>y or appropriate4  7c7 ,reports  
to ,congress on ,memb] ,bus9ess ,l5d+   
7#a7 ,report ( ! ,bo>d  7,a7 ,9 ,g5]al  
,n lat] ?an #c ye>s aft] ! date (       
enactm5t ( ?is ,act1 ! ,bo>d %all submit
 a report to ,congress on memb] bus9ess 
l5d+ by insur$ cr$it unions4  7,b7      
,report ,! report requir$ "u subp>agraph
 7,a7 %all include--  7i7 ! types &     
asset size ( insur$ cr$it unions mak+   
memb] bus9ess loans & ! memb] bus9ess   
loan limitations applicable to ! insur$ 
cr$it unions2  7ii7 ! ov]all am\nt &    
av]age size ( memb] bus9ess loans by ea*
 insur$ cr$it union2  7iii7 ! ratio (   
memb] bus9ess loans by insur$ cr$it     

unions to total assets & net wor?2  7iv7
 ! p]=mance ( ! memb] bus9ess loans1    
includ+ del9qu5cies & net *>ge-(fs2  7v7
 ! effect ( ?is section on ! numb] (    
insur$ cr$it unions engag$ 9 memb]      
bus9ess l5d+1 any *ange 9 ! am\nt (     
memb] bus9ess l5d+1 & ! ext5t to :i* any
 increase is attribut$ to ! *ange 9 !   
limitation 9 section #ajg;,a7a7 ( !     
,f$]al ,cr$it ,union ,act1 z am5d$ by   
?is ,act2  7vi7 ! numb]1 types1 & asset 
size ( insur$ cr$it unions t 7 d5i$ or  
approv$ by ! ,bo>d = increas$ memb]     
bus9ess loans "u section #ajg;,a7a77#b71
 z am5d$ by ?is ,act1 includ+ d5ials &  
approvals "u ! ti]$ approval process2   
7vii7 ! types & sizes ( bus9esses t     
receive memb] bus9ess loans1 ! duration 
( ! cr$it union memb]%ip ( ! bus9esses  
at ! "t ( ! loan1 ! types ( collat]al   
us$ to secure memb] bus9ess loans1 & !  
income level ( memb]s receiv+ memb]     
bus9ess loans2 &  7viii7 ! effect ( any 
increases 9 memb] bus9ess loans on !    
risk to ! ,national ,cr$it ,union ,%>e  

,insurance ,fund & ! assessm5ts on      
insur$ cr$it unions4  7#b7 ,,gao /udy & 
report  7,a7 ,/udy ,! ,comptroll] ,g5]al
 ( ! ,unit$ ,/ates %all conduct a /udy  
on ! /atus ( memb] bus9ess l5d+ by      
insur$ cr$it unions1 includ+--  7i7     
tr5ds 9 su* l5d+2  7ii7 types & am\nts (
 memb] bus9ess loans2  7iii7 !          
effectiv5ess ( ?is section 9 enhanc+    
small bus9ess l5d+2  7iv7 recomm5dations
 = legislative action1 if any1 ) respect
 to su* l5d+2 &  7v7 any o!r in=mation t
 ! ,comptroll] ,g5]al consid]s relevant 
) respect to su* l5d+4  7,b7 ,report ,n 
lat] ?an #c ye>s aft] ! date ( enactm5t 
( ?is ,act1 ! ,comptroll] ,g5]al %all   
submit a report to ,congress on ! /udy  
requir$ by subp>agraph 7,a74  7d7       
,def9itions ,9 ?is section--  7#a7 ! t]m
 ,bo>d means ! ,national ,cr$it ,union  
,adm9i/ration ,bo>d2  7#b7 ! t]m insur$ 
cr$it union has ! mean+ giv5 t t]m 9    
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb72  7#c7 ! t]m 
memb] bus9ess loan has ! mean+ giv5 t   

t]m 9 section #ajg;,a7c77#a7 ( ! ,f$]al 
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#ageg;a7c77#a772  7#d7 ! t]m net wor?   
has ! mean+ giv5 t t]m 9 section        
#ajg;,a7c77#b7 ( ! ,f$]al ,cr$it ,union 
,act 7#ab ,u4,s4,c4 #ageg;a7c77#b772 &  
7#e7 ! t]m well capitaliz$ has ! mean+  
giv5 t t]m 9 section #baf7;c77#a77;,a7 (
 ! ,f$]al ,cr$it ,union ,act 7#ab       
,u4,s4,c4 #agji;d7c77#a77;,a774