Common Sense Credit Union Capital Relief Act of 2017

Bill: 115-hr-4464
Sponsor: full_name: Rep. Posey, Bill [R-FL-8]
Introduced: 2017-11-28
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Bank accounts, deposits, capital

Congressional oversight

National Credit Union Administration
Latest action: action_date: 2018-04-24
text: Placed on the Union Calendar, Calendar No. 496.

Summaries:
action_date: 2017-11-28
action_desc: Introduced in House
text: <p><b>Common Sense Credit Union Capital Relief Act of 2017</b></p> <p>This bill nullifies the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015. (The rule establishes a new method, beginning in 2019,&nbsp;for measuring whether a credit union is adequately capitalized.) </p>

action_date: 2018-04-24
action_desc: Reported to House without amendment
text: <p><b>Common Sense Credit Union Capital Relief Act of 2017</b></p> <p>This bill nullifies the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015. (The rule establishes a new method, beginning in 2019,&nbsp;for measuring whether a credit union is adequately capitalized.) </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4464 IN THE HOUSE OF REPRESENTATIVES November 28, 2017 Mr. Posey introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal the rule issued by the National Credit Union Administration titled Risk-Based Capital .

1. Short title This Act may be cited as the Common Sense Credit Union Capital Relief Act of 2017 . 2. Repeal The rule issued by the National Credit Union Administration titled Risk-Based Capital (published at 80 Fed. Reg. 66626 (October 29, 2015)) shall have no force or effect, and any regulation revised by that rule shall be applied as if that rule had not been issued.

tv_txt: IB Union Calendar No. 496 115th CONGRESS 2d Session H. R. 4464 [Report No. 115–647] IN THE HOUSE OF REPRESENTATIVES November 28, 2017 Mr. Posey introduced the following bill; which was referred to the Committee on Financial Services April 24, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To repeal the rule issued by the National Credit Union Administration titled Risk-Based Capital .

1. Short title This Act may be cited as the Common Sense Credit Union Capital Relief Act of 2017 . 2. Repeal The rule issued by the National Credit Union Administration titled Risk-Based Capital (published at 80 Fed. Reg. 66626 (October 29, 2015)) shall have no force or effect, and any regulation revised by that rule shall be applied as if that rule had not been issued.

April 24, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed