3.0.0 3993 2021-09-28T14:25:24Z 2021-09-28T14:25:24Z House H HR 2012-02-09 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]Mr. KING of New York:H.R. 3993.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power to regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes;[Page H693]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2012-02-23T21:27:35Z Referred to 2012-02-09T14:01:30Z 2012-02-23 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2012-02-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-02-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-02-09 Introduced in House IntroReferral 1000 9 Library of Congress K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 N S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2012-02-09 True P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2012-02-09 True M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2012-02-09 True K000369 Rep. Kissell, Larry [D-NC-8] Larry Kissell D NC 8 2012-02-09 True F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2012-02-09 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2012-02-14 False S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2012-02-14 False M001150 Rep. Miller, Candice S. [R-MI-10] Candice Miller R MI S. 10 2012-02-14 False M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2012-02-28 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-02-28 False U000031 Rep. Upton, Fred [R-MI-6] FRED UPTON R MI 6 2012-02-28 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2012-03-07 False B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2012-03-20 False R000462 Rep. Rothman, Steven R. [D-NJ-9] STEVEN ROTHMAN D NJ R. 9 2012-03-21 False C001085 Rep. Clarke, Hansen [D-MI-13] Hansen Clarke D MI 13 2012-03-21 False C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2012-03-21 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2012-03-21 False G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2012-03-26 False R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-03-26 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2012-03-26 False J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2012-03-28 False P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 2012-03-28 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2012-03-28 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2012-03-28 False H001063 Rep. Hahn, Janice [D-CA-36] Janice Hahn D CA 36 2012-03-29 False T000469 Rep. Tonko, Paul [D-NY-21] Paul Tonko D NY 21 2012-03-29 False T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2012-04-17 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2012-04-17 False L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2012-04-17 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2012-04-17 False R000585 Rep. Reed, Tom [R-NY-29] Tom Reed R NY 29 2012-04-17 False G000564 Rep. Gibson, Christopher P. [R-NY-20] Christopher Gibson R NY P. 20 2012-04-17 False 2012-04-18 H001051 Rep. Hanna, Richard L. [R-NY-24] Richard Hanna R NY L. 24 2012-04-19 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2012-05-10 False B001271 Rep. Benishek, Dan [R-MI-1] Dan Benishek R MI 1 2012-05-10 False H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2012-05-15 False B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2012-05-17 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2012-05-18 False C000071 Rep. Camp, Dave [R-MI-4] DAVE CAMP R MI 4 2012-05-31 False H001046 Rep. Heinrich, Martin [D-NM-1] Martin Heinrich D NM T. 1 2012-06-07 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2012-06-20 False G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2012-06-28 False T000471 Rep. Turner, Robert L. [R-NY-9] Robert Turner R NY L. 9 2012-07-17 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2012-08-01 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2012-12-03 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2012-12-30 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation National Credit Union Administration Finance and Financial Sector 00 2012-02-09 Introduced in House 2013-03-26T21:39:21Z Capital Access for Small Businesses and Jobs Act - Amends the Federal Credit Union Act to empower federal credit unions to receive payments, representing equity, on certain uninsured non-share capital accounts, subject to such terms, rates, and conditions as may be established by the board of directors, within limitations prescribed by the National Credit Union Administration Board (Board).

Requires any Board-prescribed system of prompt corrective action to take into account that credit unions rely predominantly (under current law, must rely) upon retained earnings to build net worth.

Redefines "net worth" with respect to any insured credit union (other than a low-income credit union) to include non-share capital accounts, as authorized by the Board, that: (1) do not alter the cooperative nature of the credit union; (2) are uninsured; (3) are subordinate to all other claims against the credit union, including the claims of creditors, shareholders, and the National Credit Union Share Insurance Fund; (4) are available to be applied to cover operating losses of the credit union in excess of its retained earnings and, to the extent so applied, will not be replenished; (5) are subject to maturity limits as determined by the Board; and (6) are offered by a credit union that is sufficiently capitalized and well-managed.

]]> Capital Access for Small Businesses and Jobs Act Short Titles as Introduced Capital Access for Small Businesses and Jobs Act Display Title Capital Access for Small Businesses and Jobs Act Official Title as Introduced To clarify the National Credit Union Administration authority to improve credit union safety and soundness. Introduced in House 2012-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3993ih/xml/BILLS-112hr3993ih.xml 2012-02-23 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.