Skip to main content
HR 1188 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Congressional oversight Credit and credit markets Government studies and investigations National Credit Union Administration

Credit Union Small Business Jobs Creation Act

Introduced: March 2, 2015 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Mar 2, 2015
Referred to the House Committee on Financial Services.
Mar 2, 2015
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 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 March 2, 2015

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 2028 Related bill Small Business Lending Enhancement Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 43
All 43 Democratic 33 Republican 6
D
Pallone, Frank
New Jersey · Nov 15, 2016
 R
Huizenga, Bill
Michigan · May 24, 2016
 D
Waters, Maxine
California · May 23, 2016
 D
Larsen, Rick
Washington · Apr 13, 2016
 D
Larson, John B.
Connecticut · Feb 29, 2016
 D
Beatty, Joyce
Ohio · Feb 24, 2016
Poliquin, Bruce
· Jan 8, 2016
 R
Calvert, Ken
California · Dec 2, 2015
 D
Pingree, Chellie
Maine · Oct 8, 2015
 D
Watson Coleman, Bonnie
New Jersey · Oct 6, 2015
 D
DeSaulnier, Mark
California · Sep 28, 2015
 D
Ruiz, Raul
California · Sep 22, 2015
 D
Garamendi, John
California · Sep 9, 2015
 D
Chu, Judy
California · Sep 8, 2015
 D
Kaptur, Marcy
Ohio · Jun 15, 2015
 D
Bera, Ami
California · Jun 4, 2015
ROHRABACHER, DANA
· Jun 2, 2015
 D
Thompson, Mike
California · May 29, 2015
 D
Sánchez, Linda T.
California · May 13, 2015
 R
Valadao, David G.
California · May 13, 2015
 D
Peters, Scott H.
California · May 12, 2015
Woodall, Rob
· May 12, 2015
 R
Amodei, Mark E.
Nevada · May 8, 2015
 D
Bishop, Sanford D.
Georgia · Apr 29, 2015
 D
Huffman, Jared
California · Apr 29, 2015
 D
Lofgren, Zoe
California · Apr 29, 2015
 D
Carson, André
Indiana · Apr 28, 2015
 D
DelBene, Suzan K.
Washington · Apr 28, 2015
 R
Issa, Darrell
California · Apr 28, 2015
 D
Johnson, Henry C. "Hank"
Georgia · Apr 28, 2015
 D
Lieu, Ted
California · Apr 28, 2015
 D
Schiff, Adam B.
California · Apr 28, 2015
 D
Titus, Dina
Nevada · Apr 28, 2015
 D
Tonko, Paul
New York · Apr 28, 2015
Denham, Jeff
· Apr 13, 2015
 R
McClintock, Tom
California · Apr 13, 2015
 D
Brownley, Julia
California · Mar 13, 2015
 D
Norton, Eleanor Holmes
District of Columbia · Mar 13, 2015
 D
Sherman, Brad
California · Mar 6, 2015
 D
Aguilar, Pete
California · Mar 4, 2015
 D
Takano, Mark
California · Mar 4, 2015
 D
Bonamici, Suzanne
Oregon · Mar 3, 2015
 D
Meeks, Gregory W.
New York · Mar 2, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1188: Credit Union Small Business Jobs Creation Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1188/
MLA
"H.R. 1188: Credit Union Small Business Jobs Creation Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1188/.
Bluebook (legal)
H.R. 1188, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1188/.
Markdown link
[H.R. 1188: Credit Union Small Business Jobs Creation Act](https://openamerica.io/bill/114-HR-1188/)
Report a problem