Legislation to expand business lending opportunities for veteran small business owners and veteran entrepreneurs will help the veteran community, wrote America’s Credit Unions President/CEO Jim Nussle ahead of a joint subcommittee hearing with the House Small Business Committee and House Veterans’ Affairs Committee. The hearing – scheduled for 10 a.m. Eastern – will examine the landscape of veteran-owned small businesses. 

Nussle urged the committees to look for ways to support H.R. 4867, the Veterans Member Business Loan (MBL) Act, which would exempt from the credit union member business lending cap loans made to veteran-owned businesses. 

“Credit unions stand ready to serve our veterans who so faithfully served our nation,” wrote Nussle. “Congress should act on H.R. 4867, so our veterans do not face arbitrary restrictions when seeking affordable lending products to start to grow their small business.” 

Read the full letter. America’s Credit Unions will monitor the hearing and continue to engage Congress on this issue.