ve laz quezz texas i yield myself such time as i may consume. the speaker pro tempore: without objection. ms. velazquez: currently, the limitners limitation acts the amount of loans a person can make. it includes a rirpte they held a certain percentage of qualified investments. these restrictions are not currently faced by national banks and other financial institutions. if a bank decides it wants to engage in more commercial lending or wants to expand beyond what is allowed under current law, they have to undergo a time consuming process of converting the stock form of their organization in order to apply for a national bank charter. for smaller banks in particular, the charter conversion process can be costly. h.r. 1426 solve this is problem by amending the homeowners' loan act and creating an election process for free to operate as a national bank without having to convert this charter to a national bank this proposal originated from former comptroller curry in 2014 to give flexibility with respect to the current limitations on the amount of