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HR 1661 114th Congress House Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation

Mutual Bank Capital Opportunity Act of 2015

Introduced: March 26, 2015 See on congress.gov
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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 26, 2015
Referred to the House Committee on Financial Services.
Mar 26, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

Mutual Bank Capital Opportunity Act of 2015

Amends the Federal Deposit Insurance Act to authorize a mutual depository to issue mutual capital certificates that qualify as common equity Tier 1 capital for purposes of capital requirements mandated by federal law or regulation.

Defines "mutual capital certificate" as a financial instrument issued by a mutual depository that entitles the holder to a payment of fixed, variable, or participating dividends (if its board of directors so declares) but no voting or member rights, nor is it redeemable until five years after issuance.

Defines "mutual depository" as an insured depository institution operating in a non-stock form, including a federal non-stock depository and any form of non-stock depository provided for under state law, whose deposits are insured by an instrumentality of the federal government.

What's happening now March 26, 2015

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Young, Todd
Indiana · Jun 8, 2015
 R
Barr, Andy
Kentucky · Mar 26, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1661: Mutual Bank Capital Opportunity Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1661/
MLA
"H.R. 1661: Mutual Bank Capital Opportunity Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1661/.
Bluebook (legal)
H.R. 1661, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1661/.
Markdown link
[H.R. 1661: Mutual Bank Capital Opportunity Act of 2015](https://openamerica.io/bill/114-HR-1661/)
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