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HR 1244 115th Congress House

Capital Access for Small Businesses and Jobs Act

Official title: To clarify the National Credit Union Administration authority to improve credit union safety and soundness.

Introduced: February 28, 2017 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationNational Credit Union Administration
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 28, 2017
Referred to the House Committee on Financial Services.
Feb 28, 2017
Introduced in House
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 Latest action February 28, 2017

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Capital Access for Small Businesses and Jobs Act

This bill amends the Federal Credit Union Act to allow a federal credit union, other than a low-income credit union, to receive payments on uninsured non-share accounts that:

  • do not alter the cooperative nature of the credit union;
  • are subordinate to all other claims against the credit union;
  • are available to cover operating losses in excess of retained earnings and, to the extent so applied, will not be replenished;
  • meet applicable requirements with respect to maturity;
  • are subject to disclosure and consumer-protection requirements as determined by the National Credit Union Administration Board;
  • are offered by a credit union that is sufficiently capitalized and well-managed; and
  • are subject to such rules and regulations as the board may establish.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Takano, Mark
California · Jun 7, 2017
 D
Bonamici, Suzanne
Oregon · Feb 28, 2017
 D
Norton, Eleanor Holmes
District of Columbia · Feb 28, 2017
 D
Pingree, Chellie
Maine · Feb 28, 2017
 D
Sherman, Brad
California · Feb 28, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1244: Capital Access for Small Businesses and Jobs Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1244/
MLA
"H.R. 1244: Capital Access for Small Businesses and Jobs Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1244/.
Bluebook (legal)
H.R. 1244, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1244/.
Markdown link
[H.R. 1244: Capital Access for Small Businesses and Jobs Act](https://openamerica.io/bill/115-HR-1244/)
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