FOR IMMEDIATE RELEASE
Hails Rep. Miller’s Reintroduction of Legislation Excluding Veterans’ Loans
From MBL Cap
Washington (March 2, 2015) - National Association of
Federal Credit Unions (NAFCU) President and CEO Dan Berger today hailed Rep. Jeff Miller, R-Fla., chairman of the
House Veterans Affairs Committee for his leadership by reintroducing a bill
Thursday that would exclude veterans’ loans from the statutory credit union
member business lending (MBL) cap.
legislation will remove barriers to credit unions’ efforts to provide veterans
with more economic opportunity,”said Berger. “We thank Chairman Miller
for his leadership on this issue and look forward to working with him, his
staff and the bill’s cosponsors toward passage of this legislation.”
The bill’s cosponsors are Reps. Pete Aguilar,
Julia Brownley, Jared Huffman, Ted Lieu and Mark Takano, all D-Calif.; Tom
MacArthur, R-N.J.; Dina Titus, D-Nev.; and Lee Zeldin, R-N.Y.
The bill, H.R. 1133, is the same proposal Miller offered last July – would advance
a key element of NAFCU’s five-point plan for credit union regulatory relief. It would cover loans
to any veteran who served on active duty and was discharged or released under
conditions other than dishonorable.
The National Association of Federal Credit Unions is the only
national trade association that exclusively represents the interests of
federally chartered credit unions before the federal government and the
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