3.0.0 5519 2019-11-15T20:55:38Z 2019-11-15T20:55:38Z House H HR 2008-03-03 110 hsba00 Financial Services Committee House Standing Referred to 2008-03-03T19:01:43Z Credit Union Regulatory Improvements Act of 2007 110 1537 HR 2007-03-15 Referred to the House Committee on Financial Services. Related bill CRS 2008-03-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-03-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-03-03 Introduced in House IntroReferral 1000 9 Library of Congress K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 N R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 2008-03-03 True R000568 Rep. Rodriguez, Ciro D. [D-TX-23] CIRO RODRIGUEZ D TX D. 23 2008-03-06 False A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 2008-03-06 False A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 2008-03-06 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2008-03-14 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2008-03-14 False W000099 Rep. Walsh, James T. [R-NY-25] JAMES WALSH R NY T. 25 2008-04-02 False M000472 Rep. McHugh, John M. [R-NY-23] JOHN MCHUGH R NY M. 23 2008-04-10 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2008-04-23 False Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2008-04-29 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2008-04-29 False F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2008-04-29 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2008-04-29 False H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2008-04-29 False G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2008-04-30 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2008-05-13 False B000911 Rep. Brown, Corrine [D-FL-3] CORRINE BROWN D FL 3 2008-05-20 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2008-05-20 False Finance and Financial Sector Administrative procedure Bank capital Bank loans Bank mergers Churches Commerce Credit unions Government Operations and Politics Government paperwork Investments Law National Credit Union Administration Nonprofit organizations Religion Securities Small business Social Welfare Finance and Financial Sector 00 2008-03-03 Introduced in House 2008-09-09T21:41:18Z Credit Union Regulatory Relief Act of 2008 - Amends the Federal Credit Union Act to: (1) permit a credit union to invest in securities for its own account, subject to certain percentage limitations; and (2) increase the investment and lending limit in credit union service organizations from 1% to 3% of a credit union's total paid and unimpaired capital and surplus.

Excludes credit union loans to nonprofit religious organizations from limitations placed upon member business loans.

Authorizes the National Credit Union Administration Board (Board) to establish longer loan maturity dates.

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

Revises requirements for credit union membership in certain underserved areas.

Empowers a federal credit union to provide short-term loans as an alternative to payday loans.

Authorizes a credit union board of directors to expel a member based on just cause, including disruption of credit union operations (as well as nonparticipation, as under current law).

Excludes from the meaning of member business loan subject to certain limitations (thus permitting without such limitations) any extension of credit to a member, meeting specified criteria, whose proceeds are to be used for commercial, corporate, business, farm or agricultural purposes in an underserved area.

Amends the Clayton Act to exempt from its premerger notification and waiting period requirements any mergers of one insured credit union activities with another which require agency approval under the Federal Credit Union Act.

]]> Credit Union Regulatory Relief Act of 2008 Short Titles as Introduced Credit Union Regulatory Relief Act of 2008 Display Title Credit Union Regulatory Relief Act of 2008 Official Title as Introduced To advance credit union efforts to promote economic growth, modify credit union regulatory standards and reduce burdens, and for other purposes. Introduced in House 2008-03-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5519ih/xml/BILLS-110hr5519ih.xml 2008-03-03 Referred to the House Committee on Financial Services. 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.