To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.

I 116TH CONGRESS 1ST SESSION H. R. 1661 To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MARCH 8, 2019 Mr. ZELDIN (for himself and Mr. GONZALEZ of Texas) introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan matu- rities, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. FLEXIBILITY FOR NCUA BOARD TO INCREASE 3 FEDERAL CREDIT UNION LOAN MATURITIES. 4 Section 107(5) of the Federal Credit Union Act (12 5 U.S.C. 1757(5)) is amended by inserting after ‘‘shall not 6 exceed 15 years,’’ the following: ‘‘or any longer maturity 7 as the Board may allow, in regulations,’’. 8 Æ VerDate Sep 11 2014 01:26 Mar 22, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6301 E:\BILLS\H1661.IH H1661 kjohnson on DSK79L0C42 with BILLS