Veterans Member Business Loan Act
This bill excludes from credit union aggregate loan limitations member business loans made to veterans.
To amend the Federal Credit Union Act to exclude extensions of credit 
    made to veterans from the definition of a member business loan.

    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 ``Veterans Member Business Loan Act''.

SEC. 2. MEMBER BUSINESS LOAN DEFINITION.

    (a) In General.--Section 107A(c) of the Federal Credit Union Act 
(12 U.S.C. 1757a(c)) is amended--
            (1) in paragraph (1)(B)--
                    (A) in clause (iv), by striking ``or'' at the end;
                    (B) in clause (v), by striking the period and 
                inserting ``; or''; and
                    (C) by adding at the end the following:
                            ``(vi) made to a veteran;'';
            (2) in paragraph (2)(B)(ii), by striking ``and'' at the 
        end;
            (3) in paragraph (3), by striking the period and inserting 
        ``; and''; and
            (4) by adding at the end the following:
            ``(4) the term `veteran' has the meaning given the term in 
        section 101 of title 38, United States Code.''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
take effect 180 days after the date of enactment of this Act.
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Veterans Member Business Loan Act
A bill to amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Veterans Member Business Loan Act
Sen. Sullivan, Dan