The congressional effort to raise the member business lendingcap rides again.

Rep. Ed Royce (R-Calif.) announced Thursday he hasre-introduced legislation that would increase the MBL cap forcredit unions to 27.5% of assets.

H.R. 688, co-sponsored by Rep. Carolyn McCarthy, D-N.Y., has been described by creditunion trade associations as having very similar language to lastyear's House version, H.R. 1418. Royce and McCarthy have alreadyrecruited 34 additional co-sponsors for the bill, according to anannouncement from Royce.

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