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HR 688 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Congressional oversight Credit and credit markets National Credit Union Administration

Credit Union Small Business Jobs Creation Act

Introduced: February 14, 2013 See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Feb 14, 2013
Introduced in House
Feb 14, 2013
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Credit Union Small Business Jobs Creation Act - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union.

Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria. Prohibits an insured credit union that has made such a member business loan but that is not well capitalized from making any new member business loans until it becomes well capitalized and obtains Board approval.

Directs the Board to develop a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner consistent with safe and sound operations.

Directs the Comptroller General to study the status of member business lending by insured credit unions.

What's happening now February 14, 2013

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 968 Related bill Small Business Lending Enhancement Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 70
All 70 Democratic 31 Republican 7
D
Ruiz, Raul
California · Mar 6, 2014
Reed, Tom
· Feb 25, 2014
LEVIN, SANDER
· Oct 7, 2013
 R
Valadao, David G.
California · Sep 10, 2013
 D
DelBene, Suzan K.
Washington · Sep 9, 2013
 D
Castor, Kathy
Florida · Jul 16, 2013
Lujan Grisham, Michelle
· Jul 16, 2013
 D
Peters, Scott H.
California · Jun 27, 2013
Woodall, Rob
· Jun 20, 2013
 D
Wilson, Frederica S.
Florida · May 20, 2013
 D
Beatty, Joyce
Ohio · May 15, 2013
 D
Brownley, Julia
California · May 15, 2013
CULBERSON, JOHN
· May 15, 2013
 R
Joyce, David P.
Ohio · Apr 26, 2013
 D
Chu, Judy
California · Apr 9, 2013
SANCHEZ, LORETTA
· Apr 9, 2013
 D
Bera, Ami
California · Mar 25, 2013
DAVIS, SUSAN
· Mar 25, 2013
 D
Lofgren, Zoe
California · Mar 25, 2013
Shea-Porter, Carol
· Mar 25, 2013
 D
Carson, André
Indiana · Mar 19, 2013
Grayson, Alan
· Mar 19, 2013
Herrera Beutler, Jaime
· Mar 19, 2013
 D
Meng, Grace
New York · Mar 19, 2013
CLAY, WM.
· Mar 14, 2013
 D
Horsford, Steven
Nevada · Mar 14, 2013
 R
Issa, Darrell
California · Mar 14, 2013
Lipinski, Daniel
· Mar 14, 2013
 R
Amodei, Mark E.
Nevada · Mar 13, 2013
ANDREWS, ROBERT
· Mar 13, 2013
Collins, Chris
· Mar 13, 2013
GREEN, GENE
· Mar 13, 2013
 D
Titus, Dina
Nevada · Mar 13, 2013
 D
Takano, Mark
California · Mar 6, 2013
Miller, Candice
· Feb 28, 2013
Braley, Bruce
· Feb 27, 2013
Denham, Jeff
· Feb 27, 2013
 R
Huizenga, Bill
Michigan · Feb 27, 2013
Maffei, Daniel
· Feb 27, 2013
Miller, Jeff
· Feb 27, 2013
ROHRABACHER, DANA
· Feb 27, 2013
SERRANO, JOSE
· Feb 27, 2013
Hunter, Duncan
· Feb 26, 2013
 D
Sánchez, Linda T.
California · Feb 26, 2013
 D
Kaptur, Marcy
Ohio · Feb 15, 2013
Polis, Jared
· Feb 15, 2013
 D
Tonko, Paul
New York · Feb 15, 2013
 D
Bishop, Sanford D.
Georgia · Feb 14, 2013
 D
Bonamici, Suzanne
Oregon · Feb 14, 2013
 R
Calvert, Ken
California · Feb 14, 2013
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 688: Credit Union Small Business Jobs Creation Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-688/
MLA
"H.R. 688: Credit Union Small Business Jobs Creation Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-688/.
Bluebook (legal)
H.R. 688, 113th Cong. (2026), https://openamerica.io/bill/113-HR-688/.
Markdown link
[H.R. 688: Credit Union Small Business Jobs Creation Act](https://openamerica.io/bill/113-HR-688/)
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