H.R. 3468: Credit Union Share Insurance Fund Parity Act

Introduced:
Nov 13, 2013
Status:
Reported by Committee
Prognosis
14% chance of being enacted
Track this bill
Sponsor
Edward “Ed” Royce
Representative for California's 39th congressional district
Party
Republican
Text
Read Text »
Last Updated
Nov 13, 2013
Length
2 pages
Related Bills
H.R. 2572 (Related)
Regulatory Relief for Credit Unions Act of 2013

Referred to Committee
Last Action: Jun 28, 2013

 
Status

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on November 14, 2013.

Progress
Introduced Nov 13, 2013
Referred to Committee Nov 13, 2013
Reported by Committee Nov 14, 2013
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

14% chance of being enacted.

Only about 23% of bills that made it past committee in 2011–2013 were enacted. [show factors | methodology]

 
Full Title

To amend the Federal Credit Union Act to extend insurance coverage to amounts held in a member account on behalf of another person, and for other purposes.

Summary

No summaries available.

Cosponsors
4 cosponsors (3D, 1R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/13/2013--Introduced.
Credit Union Share Insurance Fund Parity Act - Amends the Federal Credit Union Act to include in the net amount of share insurance payable to any member at an insured credit union the total amount of the shares or deposits held in the member's account on behalf of another person, after making certain offsets and deductions.
Modifies National Credit Union Administration (NCUA) Board authority to define the extent of the share insurance coverage provided where a member holds funds for the use of a nonmember. Requires coverage for an account established by a member to be consistent with Federal Deposit Insurance Corporation (FDIC) coverage, regardless of the membership status of the owner of the funds deposited in an account established by a credit union member.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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