House of Representatives

+----------+--------------------------+--------------------------------+
| **[Numbe | **[Title]{.underline}**  | **[Impact on Credit            |
| r]{.unde |                          | Unions]{.underline}**          |
| rline}** |                          |                                |
+----------+--------------------------+--------------------------------+
| [\       | On-Line Privacy          | Would require the FTC to       |
| [H.R.84. | Protection Act           | prepare regulations to govern  |
| IH\]](ht |                          | the way website operators      |
| tp://tho |                          | collect, use, and disclose     |
| mas.loc. |                          | personal consumer information. |
| gov/cgi- |                          | Places enforcement of          |
| bin/quer |                          | compliance under the           |
| y/D?c109 |                          | jurisdiction of the NCUA with  |
| :1:./tem |                          | respect to any Federally       |
| p/~c109g |                          | insured credit union.          |
| tIzPP::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[      | Simple Savings Tax       | Would exclude from gross       |
| H.R.221. | Relief Act               | income, interest otherwise     |
| IH\]](ht |                          | includible up at \$200 in 2005 |
| tp://tho |                          | and \$400 thereafter.          |
| mas.loc. |                          |                                |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109t |                          |                                |
| Jf4zs::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[      | Bankruptcy Abuse         | For several years, Congress    |
| H.R.685. | Prevention and Consumer  | has considered legislation to  |
| IH\]](ht | Protection Act           | overhaul the bankruptcy laws   |
| tp://tho |                          | to require debtors with the    |
| mas.loc. |                          | ability to repay some or all   |
| gov/cgi- |                          | of their debt to do so.        |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109O |                          |                                |
| A2m8r::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Expanded Access to       | Reaching the underserved and   |
| .R.749.R | Financial Services Act   | providing basic financial      |
| FS\]](ht |                          | services to those who need it  |
| tp://tho |                          | most has been a priority for   |
| mas.loc. |                          | local and national policy      |
| gov/cgi- |                          | makers and financial services  |
| bin/quer |                          | providers.                     |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109E |                          |                                |
| X4JVP::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[      | Consumer Checking        | All credits would need to be   |
| H.R.799. | Account Fairness Act     | posted before any debits after |
| IH\]](ht |                          | the close of any business day. |
| tp://tho |                          |                                |
| mas.loc. |                          |                                |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109J |                          |                                |
| y9Y2G::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[      | Financial Customer       | Would prohibit financial       |
| H.R.815. | Identification           | institutions from using        |
| IH\]](ht | Verification Improvement | passports as a form of id for  |
| tp://tho | Act                      | the purpose of opening an      |
| mas.loc. |                          | account.                       |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109S |                          |                                |
| 4uaNO::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[      | Low-Income Taxpayer      | Would establish a grant        |
| H.R.894. | Protection Act           | program for low-income         |
| IH\]](ht |                          | individuals that would allow   |
| tp://tho |                          | them to open an account in a   |
| mas.loc. |                          | federally insured credit union |
| gov/cgi- |                          | or depository institution.     |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109h |                          |                                |
| e0brP::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[      | International Remittance | Has a section that would allow |
| H.R.928. | Consumer Protection Act  | credit unions to provide       |
| IH\]](ht | (Section 4 is similar to | remittance transfers to        |
| tp://tho | [\[H.R.749.R             | persons in the field of        |
| mas.loc. | FS\]](http://thomas.loc. | membership who are not yet     |
| gov/cgi- | gov/cgi-bin/query/D?c109 | members.                       |
| bin/quer | :1:./temp/~c1099NRZfQ::) |                                |
| y/D?c109 | and                      |                                |
| :1:./tem | [\[H.R.1003.I            |                                |
| p/~c109B | H\]](http://thomas.loc.g |                                |
| FAU5V::) | ov/cgi-bin/query/D?c109: |                                |
|          | 1:./temp/~c109lfeDVL::)) |                                |
+----------+--------------------------+--------------------------------+
| [\[      | Taxpayer Abuse           | Would establish a program that |
| H.R.969. | Prevention Act           | would help low to moderate     |
| IH\]](ht |                          | income taxpayers set up low    |
| tp://tho |                          | cost direct deposit accounts   |
| mas.loc. |                          | at federally insured           |
| gov/cgi- |                          | depository institutions.       |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c1095 |                          |                                |
| tbepq::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Financial Services For   | Would allow credit unions to   |
| .R.1003. | All Act                  | offer to sell or provide       |
| IH\]](ht |                          | negotiable checks (including   |
| tp://tho | (Similar to bill         | traveler's checks), money      |
| mas.loc. | [\[H.R.749.RF            | orders, and other similar      |
| gov/cgi- | S\]](http://thomas.loc.g | money transfer services and to |
| bin/quer | ov/cgi-bin/query/D?c109: | cash checks and money orders   |
| y/D?c109 | 1:./temp/~c1099NRZfQ::)) | and receive electronic fund    |
| :1:./tem |                          | transfers for a fee.           |
| p/~c109l |                          |                                |
| feDVL::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H.    | Net Worth Amendment for  | This amendment to the Federal  |
| R.1042.R | Credit Unions Act        | Credit Union Act (FCUA) is     |
| FS\]](ht |                          | needed to provide certainty    |
| tp://tho |                          | for the recognition of         |
| mas.loc. |                          | pre-merger "retained earnings" |
| gov/cgi- |                          | as necessitated by FASB 141.   |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109n |                          |                                |
| aVe0s::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Notification of Risk to  | Would require financial        |
| .R.1069. | Personal Data Act        | institutions to disclose data  |
| IH\]](ht |                          | security breaches and sets     |
| tp://tho |                          | standards for how those        |
| mas.loc. |                          | disclosures must be made.      |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109i |                          |                                |
| H71ov::) |                          |                                |
+----------+--------------------------+--------------------------------+
|          |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Federal Deposit          | Lawmakers are considering      |
| .R.1185. | Insurance Reform Act     | increasing the levels of       |
| EH\]](ht |                          | federal deposit and share      |
| tp://tho |                          | insurance coverage. NCUA's     |
| mas.loc. |                          | position is that parity be     |
| gov/cgi- |                          | maintained between the FDIC    |
| bin/quer |                          | and NCUSIF coverage levels.    |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109p |                          |                                |
| sssKD::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Business Checking        | Would repeal the prohibition   |
| .R.1295. | Freedom Act              | on the payment of interest on  |
| IH\]](ht |                          | demand deposits.               |
| tp://tho |                          |                                |
| mas.loc. |                          |                                |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109q |                          |                                |
| xffJ0::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Responsible Lending Act  | Designed to protect consumers  |
| .R.1295. |                          | against unfair and deceptive   |
| IH\]](ht |                          | practices in connection with   |
| tp://tho |                          | higher cost mortgage           |
| mas.loc. |                          | transactions                   |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109q |                          |                                |
| xffJ0::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Borrower's Bill of       | Declares that any state law    |
| .R.1643. | Rights                   | that limits the rate or amount |
| IH\]](ht |                          | interest charge by a credit    |
| tp://tho |                          | union shall apply to all       |
| mas.loc. |                          | credit unions that have a      |
| gov/cgi- |                          | branch in that state.          |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c1097 |                          |                                |
| 5HQhT::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Social Security Number   | Enhances SSN privacy           |
| .R.1745. | Privacy and Identity     | protection laws and requires   |
| IH\]](ht | Theft Prevention Act     | the Attorney General to work   |
| tp://tho |                          | with the NCUA for the purpose  |
| mas.loc. |                          | of establishing regulations.   |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109F |                          |                                |
| jxlts::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Credit Union Regulatory  | Over the last few years,       |
| .R.2317. | Improvements Act         | legislation has been           |
| IH\]](ht |                          | introduced and considered by   |
| tp://tho |                          | the U.S. Congress that         |
| mas.loc. |                          | proposes to provide various    |
| gov/cgi- |                          | regulatory reforms and relief  |
| bin/quer |                          | for financial institutions,    |
| y/D?c109 |                          | including credit unions.       |
| :1:./tem |                          |                                |
| p/~c109v |                          |                                |
| KJ6WQ::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Consumer Data Security   | Would establish standards for  |
| .R.3140. | and Notification Act     | security breach disclosures    |
| IH\]](ht |                          | for financial institutions.    |
| tp://tho |                          | Has provisions dealing with    |
| mas.loc. |                          | third party vendors.           |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109I |                          |                                |
| M2CTj::) |                          |                                |
+----------+--------------------------+--------------------------------+
| [\[H     | Credit Union Charter     | Would change NCUA's oversight  |
| .R.3206. | Choice Act               | of the voting methods and      |
| IH\]](ht |                          | procedures regarding credit    |
| tp://tho |                          | union conversions to a mutual  |
| mas.loc. |                          | savings bank.                  |
| gov/cgi- |                          |                                |
| bin/quer |                          |                                |
| y/D?c109 |                          |                                |
| :1:./tem |                          |                                |
| p/~c109z |                          |                                |
| A38tt::) |                          |                                |
+----------+--------------------------+--------------------------------+
| H.R.     | Financial Services       | Various improvements for       |
| 3505     | Regulatory Relief Act of | insured credit unions and      |
|          | 2005                     | other financial institutions   |
|          |                          | their regulators.              |
+----------+--------------------------+--------------------------------+

Senate

+-----------+---------------------------+------------------------------+
| **[Num    | **[Title]{.underline}**   | **[Impact on Credit          |
| ber]{.und |                           | Unions]{.underline}**        |
| erline}** |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.31.  | International Remittance  | Calls for disclosure of all  |
| IS\]](htt | Consumer Protection Act   | costs associated with        |
| p://thoma |                           | remittance transfers.        |
| s.loc.gov | (Companion bill to        |                              |
| /cgi-bin/ | [\[H.R.92                 |                              |
| query/D?c | 8.IH\]](http://thomas.loc |                              |
| 109:2:./t | .gov/cgi-bin/query/D?c109 |                              |
| emp/~c109 | :1:./temp/~c109PqD0FZ::)) |                              |
| JB1tZd::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.190. | Federal Housing           | Calls on the NCUA to conduct |
| IS\]](htt | Enterprise Regulatory     | a joint-study to determine   |
| p://thoma | Reform Act                | the extent to which          |
| s.loc.gov |                           | obligations held by          |
| /cgi-bin/ |                           | regulated credit unions are  |
| query/D?c |                           | held by federally insured    |
| 109:2:./t |                           | depository institutions.     |
| emp/~c109 |                           |                              |
| SdxKRC::) |                           |                              |
+-----------+---------------------------+------------------------------+
| S. 256    | Bankruptcy Abuse          | For several years, Congress  |
| amended   | Prevention and Consumer   | has considered legislation   |
| to the    | Protection Act            | to overhaul the bankruptcy   |
| House     |                           | laws to require debtors with |
|           |                           | the ability to repay some or |
| [\[H      |                           | all of their debt to do so.  |
| .RES.211. |                           |                              |
| RH\]](htt |                           |                              |
| p://thoma |                           |                              |
| s.loc.gov |                           |                              |
| /cgi-bin/ |                           |                              |
| query/D?c |                           |                              |
| 109:1:./t |                           |                              |
| emp/~c109 |                           |                              |
| KQqLJn::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.324. | Taxpayer Abuse Protection | Would provide low- and       |
| IS\]](htt | Act                       | moderate-income taxpayers    |
| p://thoma |                           | with the option of           |
| s.loc.gov | (Companion bill to        | establishing low-cost direct |
| /cgi-bin/ | [\[H.R.9                  | deposit accounts through the |
| query/D?c | 69.IH\]](http://thomas.lo | use of appropriate tax       |
| 109:1:./t | c.gov/cgi-bin/query/D?c10 | forms.                       |
| emp/~c109 | 9:1:./temp/~c109f6kdjZ::) |                              |
| oNcorX::) | )                         |                              |
+-----------+---------------------------+------------------------------+
|           |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.468. | College Literacy in       | Provides, through            |
| IS\]](htt | Finance and Economics Act | counseling, information to   |
| p://thoma |                           | individuals as to how they   |
| s.loc.gov |                           | can open an account in a     |
| /cgi-bin/ |                           | federally insured            |
| query/D?c |                           | institution.                 |
| 109:1:./t |                           |                              |
| emp/~c109 |                           |                              |
| V40KYD::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.687. | Spy Block Act             | Supplies the NCUA with       |
| IS\]](htt |                           | enforcement of the act that  |
| p://thoma |                           | would regulate the           |
| s.loc.gov |                           | unauthorized installation of |
| /cgi-bin/ |                           | computer software such as    |
| query/D?c |                           | spy ware and ad ware.        |
| 109:1:./t |                           |                              |
| emp/~c109 |                           |                              |
| s8H1zs::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.832. | Taxpayer Protection and   | Provides help through a tax  |
| IS\]](htt | Assistance Act            | preparation service to       |
| p://thoma |                           | low-income individuals for   |
| s.loc.gov |                           | the purpose of establishing  |
| /cgi-bin/ |                           | an account in a federally    |
| query/D?c |                           | insured depository           |
| 109:1:./t |                           | institution.                 |
| emp/~c109 |                           |                              |
| ASh3KG::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [\[S.922. | Savings for Working       | Establishes Individual       |
| IS\]](htt | Families Act              | Development Accounts for     |
| p://thoma |                           | low-income families which    |
| s.loc.gov |                           | would help these families    |
| /cgi-bin/ |                           | grow wealth through matching |
| query/D?c |                           | funds provided by private    |
| 109:1:./t |                           | and public sources.          |
| emp/~c109 |                           |                              |
| Zd4boT::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [         | Notification of Risk to   | Would require agencies in    |
| \[S.1326. | Personal Data Act         | possession of computerized   |
| IS\]](htt |                           | data containing sensitive    |
| p://thoma |                           | personal information to      |
| s.loc.gov |                           | disclose security breaches.  |
| /cgi-bin/ |                           | Sets a fine per breach not   |
| query/D?c |                           | to exceed \$250,000.         |
| 109:1:./t |                           |                              |
| emp/~c109 |                           |                              |
| QsOGKq::) |                           |                              |
+-----------+---------------------------+------------------------------+
| [         | Safe & Fair Deposit       | Indexes deposit & Share      |
| \[S.1562. | Insurance Act of 2005     | Insurance coverage beginning |
| IS\]](htt |                           | in 2010, in \$10,000         |
| p://thoma |                           | increments. Increases        |
| s.loc.gov |                           | retirement account coverage  |
| /cgi-bin/ |                           | to \$250,000. Makes other    |
| query/D?c |                           | reforms to FDIC fund.        |
| 109:1:./t |                           |                              |
| emp/~c109 |                           |                              |
| m9UrlY::) |                           |                              |
+-----------+---------------------------+------------------------------+