January 13, 2026
Ms. Cortez Masto (for herself and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Expanding Access to Lending Options Act
.
Sec. 2. Powers of Federal credit unions
Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5)) is amended—
(1)
in the matter preceding subparagraph (A), by inserting or up to a term of 20 years as the Board may allow, in regulations
after 15 years
; and
(2)
in subparagraph (A)(i), by striking or will be the principal residence of a credit union member, and which is
.