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H.R. 507: Veterans Member Business Loan Act

119th Congress · introduced 2025-01-16 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

What does this mean?

Official title

Veterans Member Business Loan Act

Plain summary

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

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Veterans Member Business Loan Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Rep. Gonzalez, Vicente [D-TX-34] · 73 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Brian K. Fitzpatrick (R-PA), Jim Costa (D-CA), Jill N. Tokuda (D-HI), Juan Ciscomani (R-AZ), Julia Brownley (D-CA), Jared F. Golden (D-ME), Andy Biggs (R-AZ), David G. Valadao (R-CA), Henry Cuellar (D-TX), Dina Titus (D-NV), Suzanne Bonamici (D-OR), Stephen F. Lynch (D-MA), André Carson (D-IN), Harold Rogers (R-KY), Tom Cole (R-OK), Josh Gottheimer (D-NJ), Patrick Ryan (D-NY), John H. Rutherford (R-FL), Elijah Crane (R-AZ), Steven Horsford (D-NV), Michael K. Simpson (R-ID), Nicole Malliotakis (R-NY), Cory Mills (R-FL), Herbert C. Conaway, Jr. (D-NJ), Burgess Owens (R-UT), James P. McGovern (D-MA), Joe Neguse (D-CO), Cleo Fields (D-LA), Shri Thanedar (D-MI), Gabe Evans (R-CO), Gilbert Ray Cisneros, Jr. (D-CA), Nicholas J. Begich III (R-AK), Andrea Salinas (D-OR), Brad Sherman (D-CA), Jack Bergman (R-MI), Terri A. Sewell (D-AL), Darren Soto (D-FL), J. Luis Correa (D-CA), Ted Lieu (D-CA), Josh Harder (D-CA), Chrissy Houlahan (D-PA), Seth Magaziner (D-RI), Thomas H. Kean, Jr. (R-NJ), Nicholas A. Langworthy (R-NY), George Whitesides (D-CA), Chuck Edwards (R-NC), Suhas Subramanyam (D-VA), Sarah McBride (D-DE), Deborah K. Ross (D-NC), Josh Riley (D-NY), Jennifer L. McClellan (D-VA), Celeste Maloy (R-UT), Raja Krishnamoorthi (D-IL), Pat Harrigan (R-NC), Linda T. Sánchez (D-CA), Joseph D. Morelle (D-NY), Ryan Mackenzie (R-PA) and 13 more.

Sponsor's campaign money: Rep. Gonzalez, Vicente [D-TX-34] reported raising $5.2 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr507 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills