Rep. Jeff Miller (R-Fla.) reintroduced legislation Feb. 27 thatwould exempt loans made to veterans from the credit union member businesslending cap.
|“We should be doing as much as possible to help our veteranswith their small business needs,” Patrick La Pine,president/CEO of the League of Southeastern Credit Unions, said.“If this legislation is passed into law, it would give military members much needed access to credit. This will helpveterans to start a small business or to grow an existing one.”
|H.R. 1133 was identical to last year's bill.
|“The idea to exempt veterans from counting against a creditunion's MBL cap makes a lot of sense,” Miller said. “With somany of our veterans possessing membership with credit unions,exempting them from this lending cap would allow veterans with anentrepreneurial spirit better access to capital.”
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