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HR 299 114th Congress House Finance and Financial Sector Accounting and auditing Bank accounts, deposits, capital Banking and financial institutions regulation Business records Congressional oversight Government studies and investigations Housing finance and home ownership

Capital Access for Small Community Financial Institutions Act of 2015

Introduced: January 13, 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 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2015
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 13, 2015
Motion to reconsider laid on the table Agreed to without objection.
Apr 13, 2015
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H2119)
Apr 13, 2015
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H2119)
Apr 13, 2015
DEBATE - The House proceeded with forty minutes of debate on H.R. 299.
Apr 13, 2015
Considered under suspension of the rules. (consideration: CR H2119-2120)
Apr 13, 2015
Mr. Neugebauer moved to suspend the rules and pass the bill.
Apr 13, 2015
Placed on the Union Calendar, Calendar No. 39.
Apr 13, 2015
Reported by the Committee on Financial Services. H. Rept. 114-58.
Mar 26, 2015
Ordered to be Reported by the Yeas and Nays: 56 - 1.
Mar 26, 2015
Committee Consideration and Mark-up Session Held.
Mar 25, 2015
Committee Consideration and Mark-up Session Held.
Jan 13, 2015
Referred to the House Committee on Financial Services.
Jan 13, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Capital Access for Small Community Financial Institutions Act of 2015

(Sec. 2) Amends the Federal Home Loan Bank Act to treat certain privately insured credit unions as insured depository institutions for purposes of determining eligibility for membership in a federal home loan bank.

Permits a credit union which lacks federal deposit insurance and has applied for membership in a federal home loan bank to be treated as meeting all the eligibility requirements for federal deposit insurance if the supervisor of the chartering state has determined that it meets all federal deposit insurance eligibility requirements.

Deems such a credit union to have met the eligibility criteria for federal home loan bank membership if, six months after its application date, the state supervisor has failed to act upon the application.

Prohibits the application of a state law authorizing a conservator or liquidating agent of a credit union to repudiate contracts to any: (1) extension of credit from a federal home loan bank to a credit union which is a member of that bank, or (2) security interest in the assets of the credit union securing such extension of credit.

Declares that if a federal home loan bank makes an advance to a state-chartered credit union that is not federally insured: (i) the bank's interest in any collateral securing such advance has the same priority and is afforded the same standing and rights that the security interest would have had if the advance had been made to a federally-insured credit union, and (2) the bank has the same right to access such collateral that it would have had if the advance had been made to a federally-insured credit union.

Amends the Federal Deposit Insurance Act to require private deposit insurers of credit unions that are members of a federal home loan bank to submit copies of their audit reports within seven days to the Federal Housing Finance Agency.

(Sec. 3) Directs the Government Accountability Office to study: (1) the adequacy of insurance reserves held by a private deposit insurer that insures deposits in an insured credit union or any credit union eligible to apply to become one, and (2) such credit unions' compliance with federal regulations governing disclosure of a lack of federal deposit insurance.


What's happening now April 14, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 7
  • HR 2642 Related bill Community Lender Regulatory Relief and Consumer Protection Act of 2015
  • S 1491 Related bill Community Lender Regulatory Relief and Consumer Protection Act of 2015
  • S 1484 Related bill Financial Regulatory Improvement Act of 2015
  • HR 22 Related bill FAST Act
  • S 1910 Related bill Financial Services and General Government Appropriations Act, 2016
  • S 1367 Related bill A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions.
  • S 2132 Related bill An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Beatty, Joyce
Ohio · Jan 13, 2015
 D
Carson, André
Indiana · Jan 13, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 299: Capital Access for Small Community Financial Institutions Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-299/
MLA
"H.R. 299: Capital Access for Small Community Financial Institutions Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-299/.
Bluebook (legal)
H.R. 299, 114th Cong. (2026), https://openamerica.io/bill/114-HR-299/.
Markdown link
[H.R. 299: Capital Access for Small Community Financial Institutions Act of 2015](https://openamerica.io/bill/114-HR-299/)
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