3.0.0 4293 2019-11-15T20:54:49Z 2019-11-15T20:54:49Z House H HR 2012-03-28 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHRADER:H.R. 4293.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 18 of the UnitedStates Constitution.[Page H1741]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2012-04-26T15:00:01Z Referred to 2012-03-28T14:02:40Z 2012-04-26 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2012-03-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-03-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-03-28 Introduced in House IntroReferral 1000 9 Library of Congress S001180 Rep. Schrader, Kurt [D-OR-5] Kurt Schrader D OR 5 N B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2012-03-28 True D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2012-03-28 True H001063 Rep. Hahn, Janice [D-CA-36] Janice Hahn D CA 36 2012-03-29 False J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2012-05-09 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Credit and credit markets National Credit Union Administration Small business Finance and Financial Sector 00 2012-03-28 Introduced in House 2012-05-17T16:06:12Z Restore Main Street's Credit Act of 2012 - Amends the Federal Credit Union Act to exclude from the definition of "member business loan" (and related loan limits) an extension of credit made to a Main Street business (an organization, other than a nonprofit organization, with 20 or fewer full-time employees that possesses, occupies, or leases property other than a home for its business's operations).

Instructs the National Credit Union Administration Board (NCUAB) to issue guidelines for extensions of credit made by an insured credit union to a Main Street business in order to promote: (1) appropriate levels of such extensions within the credit union's total lending portfolio, and (2) the credit union's cooperative nature and its safety and soundness.

]]> Restore Main Street's Credit Act of 2012 Short Titles as Introduced Restore Main Street's Credit Act of 2012 Display Title Restore Main Street's Credit Act of 2012 Official Title as Introduced To amend the Federal Credit Union Act to exclude loans made to Main Street businesses from the definition of a member business loan, and for other purposes. Introduced in House 2012-03-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4293ih/xml/BILLS-112hr4293ih.xml 2012-04-26 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.