S. 3616 — Introduced in Senate

II 119th CONGRESS 2d Session S. 3616 IN THE SENATE OF THE UNITED STATES January 13, 2026Ms. Cortez Masto (for herself and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes. 1. Short title This Act may be cited as the Expanding Access to Lending Options Act. 2. Powers of Federal credit unions Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) is amended— (1) in the matter preceding subparagraph (A), by inserting or up to a term of 20 years as the Board may allow, in regulations after 15 years; and (2) in subparagraph (A)(i), by striking or will be the principal residence of a credit union member, and which is.