3.0.0 1042 2023-01-13T04:48:01Z 2023-01-13T04:48:01Z House H HR 2005-03-02 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2005-06-16T22:25:11Z hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2005-04-13T14:22:57Z Referred to 2005-04-04T19:10:54Z Referred to 2005-03-02T15:02:25Z 2005-06-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2005-06-14 Senate Received in the Senate. IntroReferral 2005-06-13 15:11:46 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2005-06-13 15:11:41 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H4368) Floor H37300 2 House floor actions 2005-06-13 15:11:41 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H4368) Floor 8000 9 Library of Congress 2005-06-13 14:53:04 DEBATE - The House proceeded with forty minutes of debate on H.R. 1042. Floor H8D000 2 House floor actions 2005-06-13 14:52:59 Considered under suspension of the rules. (consideration: CR H4368-4371) Floor H30000 2 House floor actions 2005-06-13 14:52:46 Mr. Bachus moved to suspend the rules and pass the bill. Floor H30300 2 House floor actions 2005-04-13 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2005-04-04 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2005-03-03 Sponsor introductory remarks on measure. (CR E367) IntroReferral B00100 9 Library of Congress 2005-03-02 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-03-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-03-02 Introduced in House IntroReferral 1000 9 Library of Congress B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 N S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2005-03-02 True R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 2005-03-02 True K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2005-03-02 True L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2005-03-02 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2005-03-02 True K000078 Rep. Kelly, Sue W. [R-NY-19] SUE KELLY R NY W. 19 2005-03-02 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2005-03-02 True R000574 Rep. Renzi, Rick [R-AZ-1] Rick Renzi R AZ 1 2005-03-02 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2005-03-02 True S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2005-03-02 True N000081 Rep. Ney, Robert W. [R-OH-18] BOB NEY R OH 18 2005-03-02 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2005-03-02 True H000762 Rep. Hooley, Darlene [D-OR-5] DARLENE HOOLEY D OR 5 2005-03-02 True B001247 Rep. Brown-Waite, Ginny [R-FL-5] Ginny Brown-Waite R FL 5 2005-03-02 True M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2005-03-02 True P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2005-03-08 False C000071 Rep. Camp, Dave [R-MI-4] DAVE CAMP R MI 4 2005-05-23 False Finance and Financial Sector Bank mergers Credit unions Deposit insurance Earnings Finance and Financial Sector 00 2005-03-02 Introduced in House 2005-03-29T17:55:37Z Net Worth Amendment For Credit Unions Act - Amends the Federal Credit Union Act relating to the requirement of prompt corrective action to resolve the problems of an insured credit union at the least possible long-term loss to the National Credit Union Share Insurance Fund.

Redefines net worth as the retained earnings balance of a credit union (as determined under generally accepted accounting principles, as under current law), together with any amounts that were previously retained earnings of any other credit union with which the credit union has combined.

]]> 81 2005-06-13 Passed House without amendment 2005-06-22T18:18:27Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Net Worth Amendment For Credit Unions Act - (Sec. 2) Amends the Federal Credit Union Act relating to the requirement of prompt corrective action to resolve the problems of an insured credit union at the least possible long-term loss to the National Credit Union Share Insurance Fund.

Redefines net worth as the retained earnings balance of a credit union (as determined under generally accepted accounting principles, as under current law), together with any amounts that were previously retained earnings of any other credit union with which the credit union has combined.

]]> Net Worth Amendment For Credit Unions Act Display Title Net Worth Amendment For Credit Unions Act Short Titles as Introduced Net Worth Amendment For Credit Unions Act Short Titles as Passed House Net Worth Amendment For Credit Unions Act H House Official Title as Introduced To amend the Federal Credit Union Act to clarify the definition of net worth under certain circumstances for purposes of the prompt corrective action authority of the National Credit Union Administration Board, and for other purposes. Referred in Senate 2005-06-16T04:00:00Z Engrossed in House 2005-06-13T04:00:00Z Introduced in House 2005-03-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr1042ih/xml/BILLS-109hr1042ih.xml 2005-06-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.