3.0.0 3579 2023-01-15T08:33:23Z 2023-01-15T08:33:23Z House H HR 2003-11-21 108 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2003-12-02T17:25:29Z Referred to 2003-11-21T14:10:35Z 2003-12-02 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2003-11-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-11-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-11-21 Introduced in House IntroReferral 1000 9 Library of Congress R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 N K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2003-11-21 True L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2003-11-21 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2003-11-21 True S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2003-12-08 False B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2003-12-08 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2004-02-24 False B000586 Rep. Boehlert, Sherwood [R-NY-24] SHERWOOD BOEHLERT R NY L. 24 2004-02-24 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2004-02-24 False W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2004-02-24 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2004-02-24 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2004-02-24 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2004-02-24 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2004-02-24 False O000166 Rep. Otter, C. L. (Butch) [R-ID-1] C. L. OTTER R ID 1 2004-02-24 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2004-02-26 False H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2004-02-26 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2004-02-26 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2004-02-26 False M000249 Rep. Matsui, Robert T. [D-CA-5] ROBERT MATSUI D CA T. 5 2004-02-26 False L000558 Rep. Lucas, Ken [D-KY-4] KEN LUCAS D KY 4 2004-02-26 False N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2004-02-26 False M000714 Rep. Millender-McDonald, Juanita [D-CA-37] JUANITA MILLENDER-MCDONALD D CA M. 37 2004-02-26 False N000143 Rep. Northup, Anne M. [R-KY-3] ANNE NORTHUP R KY M. 3 2004-03-09 False P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2004-03-09 False S001152 Rep. Simmons, Rob [R-CT-2] ROB SIMMONS R CT 2 2004-03-09 False G000152 Rep. Gibbons, Jim [R-NV-2] JIM GIBBONS R NV 2 2004-03-09 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2004-03-09 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2004-03-09 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2004-03-09 False R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2004-03-09 False S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2004-03-09 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2004-03-09 False T000458 Rep. Tancredo, Thomas G. [R-CO-6] THOMAS TANCREDO R CO G. 6 2004-03-24 False A000357 Rep. Allen, Thomas H. [D-ME-1] THOMAS ALLEN D ME H. 1 2004-03-24 False C000868 Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5] ROBERT CRAMER D AL E. 5 2004-03-24 False P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2004-03-24 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2004-04-20 False B001230 Rep. Baldwin, Tammy [D-WI-2] Tammy Baldwin D WI 2 2004-04-20 False P000589 Rep. Porter, Jon C. [R-NV-3] Jon Porter R NV C. 3 2004-05-05 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2004-05-05 False C001055 Rep. Case, Ed [D-HI-2] Ed Case D HI 2 2004-05-05 False G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2004-05-05 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2004-05-05 False R000568 Rep. Rodriguez, Ciro D. [D-TX-28] CIRO RODRIGUEZ D TX D. 28 2004-05-18 False B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2004-05-20 False Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2004-05-20 False C000059 Rep. Calvert, Ken [R-CA-44] KEN CALVERT R CA 44 2004-05-20 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2004-05-20 False B001235 Rep. Brown, Henry E., Jr. [R-SC-1] HENRY BROWN R SC E. 1 2004-06-02 False H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2004-06-02 False R000486 Rep. Roybal-Allard, Lucille [D-CA-34] LUCILLE ROYBAL-ALLARD D CA 34 2004-06-02 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2004-06-09 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2004-06-09 False B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2004-06-09 False L000043 Rep. Lampson, Nick [D-TX-9] NICK LAMPSON D TX 9 2004-06-21 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2004-06-23 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2004-06-23 False C000994 Rep. Cunningham, Randy (Duke) [R-CA-50] RANDY CUNNINGHAM R CA 50 2004-06-24 False L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2004-06-24 False M001148 Rep. Meek, Kendrick B. [D-FL-17] Kendrick Meek D FL B. 17 2004-07-09 False S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2004-07-14 False M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2004-07-21 False R000409 Rep. Rohrabacher, Dana [R-CA-46] DANA ROHRABACHER R CA 46 2004-09-13 False B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2004-09-13 False C000116 Rep. Cannon, Chris [R-UT-3] CHRIS CANNON R UT 3 2004-09-30 False B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2004-09-30 False H001037 Rep. Herseth, Stephanie [D-SD-At Large] Stephanie Herseth D SD 0 2004-10-05 False U000038 Rep. Udall, Mark [D-CO-2] MARK UDALL D CO 2 2004-10-07 False Finance and Financial Sector Administrative procedure Bank capital Bank loans Bank management Bank mergers Churches Commerce Corporate governance Corporate reorganizations Corporation directors Credit unions Depressed areas Economics and Public Finance Electronic funds transfers Government Operations and Politics Government paperwork Interest rates Investment advisers Investments Labor and Employment Law Leases National Credit Union Administration Nonprofit organizations Public Lands and Natural Resources Religion Science, Technology, Communications Securities Securities regulation Social Welfare Stocks Term limits Wages Finance and Financial Sector 00 2003-11-21 Introduced in House 2004-01-08T21:05:35Z Credit Union Regulatory Improvements Act of 2003 - Amends the Federal Credit Union Act to (FCUA) to authorize real estate lease extensions at minimal charge to credit unions that finance the construction of credit union facilities on Federal land.

Permits a credit union to make investments in securities for its own account.

Increases the maturity date on credit union loans from 12 years to 15 years, or longer as the National Credit Union Administration Board may allow.

Increases from up to one percent to up to three percent of the total paid in and unimpaired capital and surplus the limit on an individual credit union's aggregate investment in credit union service organizations.

Exempts loans to nonprofit religious organizations from restrictions placed upon member business loans relating to credit union net worth or capitalization standards.

Permits a credit union to offer money transfer instruments, including electronic fund transfers, to persons in the field of membership as well as to actual members.

Exempts multiple common-bond credit union mergers and conversions from certain numerical limitations on field of membership.

Requires the Board to prescribe criteria for the voluntary conversion of a common-bond credit union into a community credit union.

Authorizes the board of directors of a Federal credit union to expel a member for just cause, including disruption of credit union operations.

States that reimbursement for lost wages owing to voluntary service on a credit union board of directors shall not be treated as prohibited compensation.

Revises the criteria for increasing the interest rate ceiling on the unpaid loan balance.

Authorizes a credit union to lease specified office space in buildings in underserved areas to any business enterprise if the space is separate and clearly distinct from any office or operation of the credit union.

Amends credit union conversion voting requirements.

Amends the Clayton Act to exempt from its premerger notification and waiting period requirements mergers among certain insured credit unions.

Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to treat credit unions as depository institutions for certain purposes.

Revises the credit union net worth limitations placed upon member business loans to twenty percent of credit union total assets.

Repeals the requirement that an undercapitalized insured credit union become adequately capitalized before it may increase the total amount of member business loans outstanding at any one time. Allows an undercapitalized insured credit union to increase the total amount of such outstanding loans if the Board approves.

Redefines: (1) credit union "net worth ratio"; and (2) "critically undercapitalized" credit union.

Repeals the mandate that regulations for complex credit unions include a risk-based net worth requirement.

]]> Credit Union Regulatory Improvements Act of 2003 Display Title Credit Union Regulatory Improvements Act of 2003 Official Title as Introduced To ease credit union regulatory burdens, advance credit union efforts to promote economic growth, and modernize credit union capital standards. Introduced in House IH Short Titles as Introduced Credit Union Regulatory Improvements Act of 2003 Introduced in House 2003-11-21T05:00:00Z 2003-12-02 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.