The main purpose of this legislative proposal is to give the National Credit Union Administration Board more flexibility in determining the length of loans that federal credit unions can offer. Specifically, it aims to allow these credit unions to extend loan maturities up to 20 years, which can help members access more affordable financing options. Key provisions of the proposal include a change to existing regulations regarding loan terms. It allows federal credit unions to offer loans with maturities of up to 20 years, instead of the current maximum of 15 years.