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United States · Bill · HR

H.R. 2351 (111th)

Credit Union Share Insurance Stabilization Act

referredUnited States· United States Congress· EN

Introduced

12 May 2009

Last action

12 May 2009 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Kanjorski, Paul E. [D-PA-11], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Royce, Edward R. [R-CA-39], David Scott, Rep. LaTourette, Steven C. [R-OH-14], Del. Norton, Eleanor Holmes [D-DC-At Large]

Subjects

Discovery layer

Source updated

14 August 2025

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Summary

Credit Union Share Insurance Stabilization Act - Amends the Federal Credit Union Act (FCUA) to grant the National Credit Union Administration (NCUA) increased borrowing authority until December 31, 2010. Requires the NCUA Board to: (1) establish a National Credit Union Share Insurance Fund (NCUSIF) Restoration Plan whenever it projects that the equity ratio of the NCUSIF will fall below a designated minimum equity ratio; and (2) establish the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) to make payments connected to the actual or threatened conservatorship or liquidation of a corporate credit union. Authorizes the TCCUSF to borrow from the Secretary of the Treasury, subject to specified conditions.

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

Timeline

  1. 12 May 2009

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 12 May 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 12 May 2009

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 12 May 2009

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 May 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 12 May 2009

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Sponsors

Related records

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Sources

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