US Congress House Bill 1244 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 9-5)
Status: Introduced on February 28 2017 - 25% progression, died in committee
Action: 2017-02-28 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Capital Access for Small Businesses and Jobs Act This bill amends the Federal Credit Union Act to allow a federal credit union, other than a low-income credit union, to receive payments on uninsured non-share accounts that: do not alter the cooperative nature of the credit union; are subordinate to all other claims against the credit union; are available to cover operating losses in excess of retained earnings and, to the extent so applied, will not be replenished; meet applicable requirements with respect to maturity; are subject to disclosure and consumer-protection requirements as determined by the National Credit Union Administration Board; are offered by a credit union that is sufficiently capitalized and well-managed; and are subject to such rules and regulations as the board may establish.

Capital Access for Small Businesses and Jobs Act

Rep. Peter King [R-NY]	Rep. Brad Sherman [D-CA]	Rep. Bill Posey [R-FL]	Rep. Eleanor Norton [D-DC]
Rep. Chellie Pingree [D-ME]	Rep. Tim Ryan [D-OH]	Rep. David Loebsack [D-IA]	Rep. Suzanne Bonamici [D-OR]
Rep. Derek Kilmer [D-WA]	Rep. Walter Jones [R-NC]	Rep. Ted Poe [R-TX]	Rep. Steve Chabot [R-OH]
Rep. Richard Nolan [D-MN]	Rep. Mark Takano [D-CA]

Date	Chamber	Action
2017-02-28	House	Referred to the House Committee on Financial Services.
2017-02-28	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1244/all-info
Text	https://www.congress.gov/115/bills/hr1244/BILLS-115hr1244ih.pdf