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HR 2351 111th Congress House Finance and Financial Sector Bank accounts, deposits, capital Bankruptcy Credit and credit markets Financial crises and stabilization Government lending and loan guarantees Government trust funds

Credit Union Share Insurance Stabilization Act

Introduced: May 12, 2009 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2009
Referred to the House Committee on Financial Services.
May 12, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Credit Union Share Insurance Stabilization Act - Amends the Federal Credit Union Act (FCUA) to grant the National Credit Union Administration (NCUA) increased borrowing authority until December 31, 2010.

Requires the NCUA Board to: (1) establish a National Credit Union Share Insurance Fund (NCUSIF) Restoration Plan whenever it projects that the equity ratio of the NCUSIF will fall below a designated minimum equity ratio; and (2) establish the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) to make payments connected to the actual or threatened conservatorship or liquidation of a corporate credit union. Authorizes the TCCUSF to borrow from the Secretary of the Treasury, subject to specified conditions.

What's happening now May 12, 2009

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1