summary
Introduced
03/14/2018
03/14/2018
In Committee
03/14/2018
03/14/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Common Sense Credit Union Capital Relief Act of 2018 This bill delays to 2021 the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015. (The rule establishes a new method, beginning in 2019, for measuring whether a credit union is adequately capitalized.)
AI Summary
This bill delays to 2021 the implementation of the National Credit Union Administration's (NCUA) "Risk-Based Capital" rule, which was originally set to take effect in 2019. The rule establishes a new method for measuring whether a credit union is adequately capitalized. The "Common Sense Credit Union Capital Relief Act of 2018" pushes back the effective date of this NCUA rule by two years, from 2019 to 2021.
Committee Categories
Business and Industry
Sponsors (8)
Bill Posey (R)*,
Charlie Crist (D),
Denny Heck (D),
Thomas MacArthur (R),
Bruce Poliquin (R),
Kyrsten Sinema (I),
Scott Tipton (R),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Financial Services. (on 03/14/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/5288/all-info |
| BillText | https://www.congress.gov/115/bills/hr5288/BILLS-115hr5288ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr5288/BILLS-115hr5288ih.pdf.pdf |
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