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Small Business Lending Enhancement Act of 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Official summary

Version 00 · Introduced in Senate · Dec 21, 2009

Small Business Lending Enhancement Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets.

Increases from $50,000 to $250,000 the maximum total extensions of credit a borrower or associated member of an insured credit union may have before any extension of credit shall be considered a member business loan.

Directs the National Credit Union Administration (NCUA) Board to report semiannually to Congress on the status of member business lending made by insured credit unions during the reporting period.

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Who introduced it

Sen. Udall, Mark [D-CO] · D–CO

Committees

  • Banking, Housing, and Urban Affairs Committee
14 cosponsorship records, including any withdrawals

Actions

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  1. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. Introduced in Senate

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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