3.0.0 2317 2022-02-03T05:34:18Z 2022-02-03T05:34:18Z House H HR 2005-05-12 109 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2005-06-03T19:18:33Z Referred to 2005-05-12T14:00:05Z 2005-06-03 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2005-05-12 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-05-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-05-12 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 2005-05-12 True L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2005-05-12 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2005-05-12 True T000458 Rep. Tancredo, Thomas G. [R-CO-6] THOMAS TANCREDO R CO G. 6 2005-05-12 True S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2005-05-12 True B000586 Rep. Boehlert, Sherwood [R-NY-24] SHERWOOD BOEHLERT R NY L. 24 2005-05-12 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2005-05-12 True B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2005-05-12 True C001055 Rep. Case, Ed [D-HI-2] Ed Case D HI 2 2005-05-12 True B001235 Rep. Brown, Henry E., Jr. [R-SC-1] HENRY BROWN R SC E. 1 2005-05-12 True J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2005-05-12 True P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2005-05-12 True C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2005-05-12 True C000116 Rep. Cannon, Chris [R-UT-3] CHRIS CANNON R UT 3 2005-05-12 True C000994 Rep. Cunningham, Randy (Duke) [R-CA-50] RANDY CUNNINGHAM R CA 50 2005-05-12 True K000364 Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] John Kuhl R NY R. "Randy" 29 2005-05-12 True S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2005-05-12 True N000143 Rep. Northup, Anne M. [R-KY-3] ANNE NORTHUP R KY M. 3 2005-05-17 False U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2005-05-17 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2005-05-17 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2005-05-17 False R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2005-05-19 False S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2005-05-19 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2005-05-19 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2005-05-19 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2005-05-19 False H000213 Rep. Harman, Jane [D-CA-36] JANE HARMAN D CA 36 2005-05-19 False O000166 Rep. Otter, C. L. (Butch) [R-ID-1] C. L. OTTER R ID 1 2005-05-19 False R000576 Rep. Ruppersberger, C. A. Dutch [D-MD-2] C. A. Ruppersberger D MD Dutch 2 2005-05-23 False N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2005-05-23 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2005-05-23 False B001230 Rep. Baldwin, Tammy [D-WI-2] Tammy Baldwin D WI 2 2005-05-23 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2005-05-23 False U000038 Rep. Udall, Mark [D-CO-2] MARK UDALL D CO 2 2005-05-26 False A000357 Rep. Allen, Thomas H. [D-ME-1] THOMAS ALLEN D ME H. 1 2005-05-26 False B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2005-05-26 False W000099 Rep. Walsh, James T. [R-NY-25] JAMES WALSH R NY T. 25 2005-05-26 False B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2005-05-26 False B000911 Rep. Brown, Corrine [D-FL-3] CORRINE BROWN D FL 3 2005-06-08 False S001152 Rep. Simmons, Rob [R-CT-2] ROB SIMMONS R CT 2 2005-06-08 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2005-06-08 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2005-06-08 False W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2005-06-08 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2005-06-08 False C000059 Rep. Calvert, Ken [R-CA-44] KEN CALVERT R CA 44 2005-06-08 False W000794 Rep. Watson, Diane E. [D-CA-33] Diane Watson D CA E. 33 2005-06-09 False I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2005-06-09 False C000071 Rep. Camp, Dave [R-MI-4] DAVE CAMP R MI 4 2005-06-13 False R000409 Rep. Rohrabacher, Dana [R-CA-46] DANA ROHRABACHER R CA 46 2005-06-13 False M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2005-06-13 False A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2005-06-16 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2005-06-16 False H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2005-06-16 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2005-06-16 False M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2005-06-16 False M000714 Rep. Millender-McDonald, Juanita [D-CA-37] JUANITA MILLENDER-MCDONALD D CA M. 37 2005-06-16 False P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2005-06-16 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2005-06-16 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2005-06-16 False W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2005-06-16 False M001148 Rep. Meek, Kendrick B. [D-FL-17] Kendrick Meek D FL B. 17 2005-06-17 False H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2005-06-20 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2005-06-20 False E000250 Rep. Evans, Lane [D-IL-17] LANE EVANS D IL 17 2005-06-20 False H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2005-06-22 False P000589 Rep. Porter, Jon C. [R-NV-3] Jon Porter R NV C. 3 2005-06-22 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2005-06-24 False 2005-07-14 B001231 Rep. Berkley, Shelley [D-NV-1] SHELLEY BERKLEY D NV 1 2005-06-24 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2005-06-24 False K000361 Rep. Keller, Ric [R-FL-8] RIC KELLER R FL 8 2005-06-29 False W000784 Rep. Wynn, Albert Russell [D-MD-4] ALBERT WYNN D MD R. 4 2005-06-29 False R000004 Rep. Radanovich, George [R-CA-19] GEORGE RADANOVICH R CA P. 19 2005-06-30 False H001037 Rep. Herseth, Stephanie [D-SD-At Large] Stephanie Herseth D SD 0 2005-06-30 False R000574 Rep. Renzi, Rick [R-AZ-1] Rick Renzi R AZ 1 2005-07-12 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2005-07-12 False A000361 Rep. Alexander, Rodney [R-LA-5] Rodney Alexander R LA 5 2005-07-14 False P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2005-07-28 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2005-07-28 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2005-09-07 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2005-09-07 False B001228 Rep. Bono, Mary [R-CA-45] Mary Bono R CA 45 2005-09-07 False F000030 Rep. Farr, Sam [D-CA-17] SAM FARR D CA 17 2005-09-07 False H001038 Rep. Higgins, Brian [D-NY-27] Brian Higgins D NY 27 2005-09-07 False Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2005-09-07 False T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2005-09-07 False G000180 Rep. Gilchrest, Wayne T. [R-MD-1] WAYNE GILCHREST R MD T. 1 2005-09-07 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2005-09-07 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2005-09-15 False S001160 Rep. Sodrel, Michael E. [R-IN-9] Michael Sodrel R IN E. 9 2005-09-15 False R000170 Rep. Reyes, Silvestre [D-TX-16] SILVESTRE REYES D TX 16 2005-09-15 False B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2005-09-15 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2005-09-15 False W000267 Rep. Weldon, Dave [R-FL-15] DAVE WELDON R FL 15 2005-09-15 False B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2005-09-15 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2005-09-20 False D000327 Rep. Dicks, Norman D. [D-WA-6] NORMAN DICKS D WA 6 2005-09-20 False S001149 Rep. Sweeney, John E. [R-NY-20] JOHN SWEENEY R NY E. 20 2005-09-21 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2005-09-21 False S001158 Rep. Salazar, John T. [D-CO-3] John Salazar D CO T. 3 2005-09-28 False W000268 Rep. Weldon, Curt [R-PA-7] CURT WELDON R PA 7 2005-10-20 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2005-10-20 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2005-11-03 False O000107 Rep. Ortiz, Solomon P. [D-TX-27] SOLOMON ORTIZ D TX P. 27 2005-11-03 False M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2005-11-03 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2005-12-06 False O000085 Rep. Olver, John W. [D-MA-1] JOHN OLVER D MA W. 1 2005-12-06 False G000152 Rep. Gibbons, Jim [R-NV-2] JIM GIBBONS R NV 2 2005-12-13 False K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2005-12-13 False A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2006-02-01 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2006-02-28 False L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2006-03-02 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2006-03-02 False M000844 Rep. Mollohan, Alan B. [D-WV-1] ALAN MOLLOHAN D WV B. 1 2006-03-07 False K000180 Rep. Kilpatrick, Carolyn C. [D-MI-13] CAROLYN KILPATRICK D MI CHEEKS 13 2006-03-07 False S001153 Rep. Solis, Hilda L. [D-CA-32] HILDA SOLIS D CA L. 32 2006-03-16 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2006-03-16 False E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2006-03-16 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2006-03-16 False L000480 Rep. Lowey, Nita M. [D-NY-18] NITA LOWEY D NY M. 18 2006-04-05 False J000284 Rep. Jones, Stephanie Tubbs [D-OH-11] STEPHANIE JONES D OH TUBBS 11 2006-04-06 False H000981 Rep. Hunter, Duncan [R-CA-52] DUNCAN HUNTER R CA 52 2006-05-02 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2006-05-18 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2006-06-14 False B000461 Rep. Bilbray, Brian P. [R-CA-50] BRIAN BILBRAY R CA P. 50 2006-07-13 False L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 2006-09-19 False P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2006-12-05 False Finance and Financial Sector Administrative procedure Administrative remedies 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 Valuation Wages Finance and Financial Sector 00 2005-05-12 Introduced in House 2005-06-29T18:01:48Z Credit Union Regulatory Improvements Act of 2005 - Amends the Federal Credit Union Act to reduce the minimum net worth ratio requirements of well-capitalized, adequately capitalized, under capitalized, and significantly undercapitalized credit unions. Sets the minimum risk-based net ratio at 8%.

Revises the requirement that the National Credit Union Administration Board design the risk-based net worth standard to take account of any material risks to insured credit unions. Requires the standard to be designed in relation to risk assets, and to be based on comparable standards for taking into account material risks to insured depository institutions under the Federal Deposit Insurance Act that are applicable to credit unions.

Revises definitions relating to net worth of credit unions.

Cites circumstances in which the Board may waive the requirement that an undercapitalized credit union submit an acceptable net worth restoration plan.

Revamps guidelines governing limits and restrictions on member business loans.

Authorizes credit unions to lease to any business enterprise separate and clearly distinct space in buildings in credit union offices in underserved areas.

Permits a credit union to invest securities for its own account.

Increases from 12 to 15 years the term of credit union loans.

Increases from 1% to 3% the investment limit in credit union service organizations.

Permits credit unions to offer check cashing and money transfer services to persons within the field of membership (instead of, as currently, to members only).

Extends to voluntary mergers on or after August 7, 1998, involving multiple common-bond credit unions the exemption from the numerical limit (only a group with fewer than 3,000 members) for eligibility for inclusion in the field of membership category of such a credit union.

Requires the Board to prescribe criteria for continued membership of certain member groups in the case of conversions of certain credit unions to a community charter.

Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to treat credit unions as banks which shall not be considered brokers or dealers because the credit unions engage in certain broker- or dealer-related activities.


]]> Credit Union Regulatory Improvements Act of 2005 Short Titles as Introduced Credit Union Regulatory Improvements Act of 2005 Display Title Credit Union Regulatory Improvements Act of 2005 Official Title as Introduced To modernize credit union net worth standards, advance credit union efforts to promote economic growth, and modify and ease credit union regulatory standards and burdens, and for other purposes. Introduced in House 2005-05-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr2317ih/xml/BILLS-109hr2317ih.xml 2005-06-03 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.