Common Sense Credit Union Capital Relief Act of 2018

Bill: 115-s-3750
Sponsor: full_name: Sen. Rounds, Mike [R-SD]
Introduced: 2018-12-13
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Bank accounts, deposits, capital

National Credit Union Administration
Latest action: action_date: 2018-12-13
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2018-12-13
action_desc: Introduced in Senate
text: <p><b>Common Sense Credit Union Capital Relief Act of 2018</b></p> <p>This bill delays to 2021 the National Credit Union Administration rule titled &quot;Risk-Based Capital&quot; published on October 29, 2015. (The rule establishes a new method, beginning in 2019, for measuring whether a credit union is adequately capitalized.) </p>

tv_txt: II 115th CONGRESS 2d Session S. 3750 IN THE SENATE OF THE UNITED STATES December 13, 2018 Mr. Rounds introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To delay the effective date of 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 2018 . 2. Delay in effective date Notwithstanding any effective date set forth in the rule issued by the National Credit Union Administration titled Risk-Based Capital (published at 80 Fed. Reg. 66626 (October 29, 2015)), such final rule shall take effect on January 1, 2021.