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HR 2351 111th Congress House

Credit Union Share Insurance Stabilization Act

Official title: To amend the Federal Credit Union Act to increase the borrowing authority of the National Credit Union Administration, establish a National Credit Union Share … Show full official titleShow less

Official title: To amend the Federal Credit Union Act to increase the borrowing authority of the National Credit Union Administration, establish a National Credit Union Share Insurance Fund restoration plan period, assess insured credit unions for the costs associated with the corporate credit union stabilization effort on an anti-cyclical basis, and for other purposes.

Introduced: March 18, 2010 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBankruptcyCredit and credit marketsFinancial crises and stabilization
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Government lending and loan guaranteesGovernment trust funds
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action May 12, 2009

Referred to the House Committee on Financial Services.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Norton, Eleanor Holmes
District of Columbia · Mar 18, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2351: Credit Union Share Insurance Stabilization Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2351/
MLA
"H.R. 2351: Credit Union Share Insurance Stabilization Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2351/.
Bluebook (legal)
H.R. 2351, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2351/.
Markdown link
[H.R. 2351: Credit Union Share Insurance Stabilization Act](https://openamerica.io/bill/111-HR-2351/)
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