Common Sense Credit Union Capital Relief Act of 2018

Common Sense Credit Union Capital Relief Act of 2018

This bill delays to 2021 the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015. (The rule establishes a new method, beginning in 2019, for measuring whether a credit union is adequately capitalized.)

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5288 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5288

 To delay the effective date of the rule issued by the National Credit 
          Union Administration titled ``Risk-Based Capital''.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 14, 2018

  Mr. Posey (for himself and Mr. Heck) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 A BILL


 
 To delay the effective date of the rule issued by the National Credit 
          Union Administration titled ``Risk-Based Capital''.

    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 ``Common Sense Credit Union Capital 
Relief Act of 2018''.

SEC. 2. DELAY IN EFFECTIVE DATE.

    Notwithstanding any effective date set forth in the rule issued by 
the National Credit Union Administration titled ``Risk-Based Capital'' 
(published at 80 Fed. Reg. 66626 (October 29, 2015)), such final rule 
shall take effect on January 1, 2021.
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