[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1661 Introduced in House (IH)]
<DOC>
116th CONGRESS
1st Session
H. R. 1661
To provide the National Credit Union Administration Board flexibility
to increase Federal credit union loan maturities, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 8, 2019
Mr. Zeldin (for himself and Mr. Gonzalez of Texas) introduced the
following bill; which was referred to the Committee on Financial
Services
_______________________________________________________________________
A BILL
To provide the National Credit Union Administration Board flexibility
to increase Federal credit union loan maturities, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. FLEXIBILITY FOR NCUA BOARD TO INCREASE FEDERAL CREDIT UNION
LOAN MATURITIES.
Section 107(5) of the Federal Credit Union Act (12 U.S.C. 1757(5))
is amended by inserting after ``shall not exceed 15 years,'' the
following: ``or any longer maturity as the Board may allow, in
regulations,''.
<all>
To provide the National Credit Union Administration Board flexibility to increase Federal credit union loan maturities, and for other purposes.
#1661 | HR Congress #116
Policy Area: Finance and Financial Sector
Last Action: Referred to the House Committee on Financial Services. (3/8/2019)
Bill Text Source: Congress.gov
Summary and Impacts
Original Text