GovTrack’s Bill Summary
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H.R. 3468: Credit Union Share Insurance Fund Parity Act
- Introduced:
- Nov 13, 2013
- Status:
- Reported by Committee
- Prognosis
- 14% chance of being enacted
- Sponsor
- Edward “Ed” Royce
Representative for California's 39th congressional district
- Party
- Republican
- Text
- Read Text »
- Last Updated
- Nov 13, 2013
- Length
- 2 pages
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
-
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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- Citation
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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.
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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