U.S. Congress - H.R.2351 Credit Union Share Insurance Stabilization Act
H.R.2351 - Credit Union Share Insurance Stabilization Act
To amend the Federal Credit Union Act to increase the borrowing authority of the National Credit Union Administration, establish a National Credit Union Share Insurance Fund restoration plan period, assess insured credit unions for the costs associated with the corporate credit union stabilization effort on an anti-cyclical basis, and for other purposes. view all titles (2)
All Bill Titles
- Short: Credit Union Share Insurance Stabilization Act as introduced.
- Official: To amend the Federal Credit Union Act to increase the borrowing authority of the National Credit Union Administration, establish a National Credit Union Share Insurance Fund restoration plan period, assess insured credit unions for the costs associated with the corporate credit union stabilization effort on an anti-cyclical basis, and for other purposes. as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 2
- Past Seven Days: 2
- All-Time: 931
|
|
|
|
|
|
|
|
Committees
Official Summary
5/12/2009--Introduced.Credit Union Share Insurance Stabilization Act - Amends the Federal Credit Union Act (FCUA) to grant the National Credit Union Administration (NCUA) increased borrowing authority until December 31, 2010. Requires the NCUA Board to: (1) establish a National Credit UnioOfficial Summary
5/12/2009--Introduced.Credit Union Share Insurance Stabilization Act - Amends the Federal Credit Union Act (FCUA) to grant the National Credit Union Administration (NCUA) increased borrowing authority until December 31, 2010. Requires the NCUA Board to:(1) establish a National Credit Union Share Insurance Fund (NCUSIF) Restoration Plan whenever it projects that the equity ratio of the NCUSIF will fall below a designated minimum equity ratio; and
(2) establish the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) to make payments connected to the actual or threatened conservatorship or liquidation of a corporate credit union. Authorizes the TCCUSF to borrow from the Secretary of the Treasury, subject to specified conditions.
...Read the Rest
Organizations Supporting H.R.2351
- National Association of Federal Credit Unions
- Credit Union National Association
- National Association of State Credit Union Supervisors
Organizations Opposing H.R.2351
- None via MapLight at this time.
See the money trail behind this bill for more info on how campaign contributions may be influencing senators' and representatives' votes.
Vote on This Bill
-
Share This Bill
More Share via Email
