CONGRESS FOR VOTERS

DemocratBill · S. 3616· Senate(119-S-3616)

Expanding Access to Lending Options Act

Rep. Cortez Masto
Age: 62 years
Nevada
Introduced
1/13/2026
Last activity
1/13/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Catherine Cortez Masto
Cosponsors
Democrat - 1Republican - 3
Finance and Financial Sector
  1. Introduced
  2. 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 with 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 allow for longer terms. This change would allow the Board to permit loans for terms of up to 20 years through regulations.

Yes· 3 of 6

  • Does this make housing cost less?+3

    By allowing longer loan maturities for principal residences, the bill may assist with long-term mortgage affordability.

  • Would people in their twenties and thirties be better off under this?+2

    Longer loan terms can provide more manageable monthly payments for younger borrowers establishing themselves.

  • Would middle-income households be better off under this?+2

    Increased flexibility in loan maturities can help middle-income families manage long-term debt like mortgages.

The opposite

  • Does this leave more decisions to the states?-1

    The bill increases the regulatory authority of the National Credit Union Administration Board over loan terms.