[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1151 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1151

   To amend the Federal Credit Union Act to clarify existing law and 
      ratify the longstanding policy of the National Credit Union 
  Administration Board with regard to field of membership of Federal 
                             credit unions.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 20, 1997

 Mr. LaTourette (for himself, Mr. Kanjorski, Mr. Solomon, Mr. Brown of 
   California, Mr. Lewis of California, Ms. Kaptur, Mr. McDade, Mr. 
Dingell, Mr. Burton of Indiana, Ms. Rivers, Mr. Livingston, Ms. Roybal-
 Allard, Mr. Quinn, Mr. Yates, Mr. Wamp, Mr. Sanders, Mr. Hinchey, and 
 Mr. Cardin) introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
   To amend the Federal Credit Union Act to clarify existing law and 
      ratify the longstanding policy of the National Credit Union 
  Administration Board with regard to field of membership of Federal 
                             credit unions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Credit Union Membership Access 
Act''.

SEC. 2. FIELD OF MEMBERSHIP OF FEDERAL CREDIT UNIONS.

    Section 109 of the Federal Credit Union Act (12 U.S.C. 1759) is 
amended by striking ``Federal credit union membership shall be limited 
to groups having a common bond'' and inserting ``the membership of any 
Federal credit union shall be limited to 1 or more groups each of which 
have (within such group) a common bond''.
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