Capital Access for Small Businesses and Jobs Act

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 February 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 28 February 2017

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• Introduced in House

  summary · EN · 28 February 2017

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