Congress·In Committee·H.R. 7647

Credit Unions: Expanding Access to Home Loan Funding

MORE Opportunities for Homeownership Act

Legislative Progress

House

Senate

President

Law

This bill, introduced by Representative Vicente Gonzalez, would change federal law to treat credit unions the same as traditional banks when it comes to certain housing funds. It adds credit unions to the definition of "Community Financial Institutions."
By making this change, credit unions gain better access to money from the Federal Home Loan Bank system. This system provides low-cost funding to local lenders so they have enough cash on hand to give out mortgages to homebuyers.
The policy aims to help more people buy homes by increasing the amount of money available for loans at local credit unions. This could lead to more mortgage options and potentially better rates for families who prefer banking with a credit union rather than a large national bank.

2 milestones2 actions

Feb 23, 2026House

Referred to the House Committee on Financial Services.

Feb 23, 2026

Introduced in House

Document Type

Congressional Bill

Official Title

MORE Opportunities for Homeownership Act

Bill NumberHR 7647

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Financial Services.

(1)

R: 1

Congress.gov

Official legislative information

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