Bill · H.R. 4167· House(119-HR-4167)

Expanding Access to Lending Options Act

Age: 63 years

Wisconsin

Introduced: 6/26/2025
Last activity: 6/26/2025 — Referred to the House Committee on Financial Services.
Sponsored by: Scott Fitzgerald
Cosponsors: - 19 - 25

Finance and Financial Sector

Introduced
In Committee

What this bill would do

This bill, known as the "Expanding Access to Lending Options Act," aims to provide the National Credit Union Administration Board more flexibility. It specifically targets the ability to increase loan maturities for Federal credit unions. The legislation proposes amending the Federal Credit Union Act to change certain time limits. This change would allow for longer loan terms than the current 15-year limit.

Yes· 3 of 4

Does this give people more protection from unfair business practices?+5
Extending loan maturities can provide consumers with more flexible and affordable long-term financing options.
Does this make housing cost less?+5
Increasing loan maturities for home-related loans can assist with housing affordability by lowering monthly payments.
Would households on low incomes be better off under this?+3
Increased loan maturities can assist low-income households in managing large debts through more manageable monthly payments.