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US HR5288

Common Sense Credit Union Capital Relief Act of 2018


summary

Introduced
03/14/2018
In Committee
03/14/2018
Crossed Over
Passed
Dead
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)

Last Action

Referred to the House Committee on Financial Services. (on 03/14/2018)

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