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United States · Bill · HR

H.R. 1244 (115th)

Capital Access for Small Businesses and Jobs Act

referredUnited States· United States Congress· EN

Introduced

28 February 2017

Last action

28 February 2017 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. King, Peter T. [R-NY-2], Rep. Sherman, Brad [D-CA-32], Rep. Posey, Bill [R-FL-8], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Pingree, Chellie [D-ME-1], Rep. Ryan, Tim [D-OH-13], Rep. Loebsack, David [D-IA-2], Rep. Bonamici, Suzanne [D-OR-1], Rep. Kilmer, Derek [D-WA-6], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Poe, Ted [R-TX-2], Rep. Chabot, Steve [R-OH-1], Rep. Nolan, Richard M. [D-MN-8], Rep. Takano, Mark [D-CA-39]

Subjects

Discovery layer

Source updated

11 August 2025

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 28 February 2017

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 28 February 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 28 February 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 28 February 2017

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 28 February 2017

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 28 February 2017

    Open at official source

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Sponsors

Related records

Sources

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