[Congressional Record (Bound Edition), Volume 161 (2015), Part 7]
[Extensions of Remarks]
[Page 9644]
[From the U.S. Government Publishing Office, www.gpo.gov]




          INTRODUCTION OF RISK-BASED CAPITAL STUDY ACT OF 2015

                                 ______
                                 

                        HON. STEPHEN LEE FINCHER

                              of tennessee

                    in the house of representatives

                         Monday, June 15, 2015

  Mr. FINCHER. Mr. Speaker, I rise today to discuss my bill, the Risk-
Based Capital Study Act of 2015. My legislation requires the NCUA to 
perform a study of appropriate capital requirements for credit unions 
to ensure that these institutions and their members are not harmed by 
overregulation that suggests a solution in search of a problem.
  On January 15, 2015, the National Credit Union Administration (NCUA) 
Board, in a 2-1 vote, issued a revised risk-based capital proposed rule 
for credit unions. While the revised proposal addresses some concerns 
expressed by Congress and by credit unions regarding the initial 
proposal, it still has raised a lot of concern in the credit union 
community--as evidenced by the revised proposal receiving over 2,150 
comments during the comment period. A thorough study of the proposal 
before it moves forward is necessary to ensure credit unions and the 
communities they serve are not unduly burdened.
  The bill would require the NCUA to provide to Congress an analysis on 
their legal authority with respect to certain aspects of the proposal, 
rationale behind the risk-weights assigned to various asset classes, 
and a close look at how the proposal would impact lending to credit 
union members before moving forward with their proposed rule. Given the 
critical role credit unions play in lending to our local communities, 
it's absolutely imperative that this proposal is reviewed closely 
before a judgement is made relative to moving forward.

                          ____________________