Credit Union Small Business Jobs Creation Act

Summary

Credit Union Small Business Jobs Creation Act - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union. Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria. Prohibits an insured credit union that has made such a member business loan but that is not well capitalized from making any new member business loans until it becomes well capitalized and obtains Board approval. Directs the Board to develop a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner consistent with safe and sound operations. Directs the Comptroller General to study the status of member business lending by insured credit unions.

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

Timeline

1. 14 February 2013

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 14 February 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 February 2013

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 February 2013 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 February 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 February 2013

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 14 February 2013

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Royce, Edward R. [R-CA-39] · R · Sponsor
• Rep. McCarthy, Carolyn [D-NY-4] · D · Sponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Sponsor
• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Bonamici, Suzanne [D-OR-1] · D · Sponsor
• Rep. Calvert, Ken [R-CA-41] · R · Sponsor
• Rep. Chabot, Steve [R-OH-1] · R · Sponsor
• Rep. Cicilline, David N. [D-RI-1] · D · Sponsor
• Rep. Coble, Howard [R-NC-6] · R · Sponsor
• Rep. Connolly, Gerald E. [D-VA-11] · D · Sponsor
• Paul Cook · R · Sponsor
• Rep. Hahn, Janice [D-CA-44] · D · Sponsor
• Rep. Heck, Joseph J. [R-NV-3] · R · Sponsor
• Rep. Huffman, Jared [D-CA-2] · D · Sponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Sponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Sponsor
• Rep. Larson, John B. [D-CT-1] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. McClintock, Tom [R-CA-5] · R · Sponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Sponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Sen. Peters, Gary C. [D-MI] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. Poe, Ted [R-TX-2] · R · Sponsor
• Rep. Posey, Bill [R-FL-8] · R · Sponsor
• Rep. Roybal-Allard, Lucille [D-CA-40] · D · Sponsor
• Sen. Schiff, Adam B. [D-CA] · D · Sponsor
• Rep. Schrader, Kurt [D-OR-5] · D · Sponsor
• Rep. Sherman, Brad [D-CA-32] · D · Sponsor
• Rep. Stivers, Steve [R-OH-15] · R · Sponsor
• Rep. Thompson, Mike [D-CA-4] · D · Sponsor
• Rep. Upton, Fred [R-MI-6] · R · Sponsor
• Rep. Waters, Maxine [D-CA-43] · D · Sponsor
• Rep. Yarmuth, John A. [D-KY-3] · D · Sponsor
• Rep. Bishop, Timothy H. [D-NY-1] · D · Sponsor
• Rep. Young, Don [R-AK-At Large] · R · Sponsor
• Rep. Tonko, Paul [D-NY-20] · D · Cosponsor
• Rep. Speier, Jackie [D-CA-14] · D · Cosponsor
• Rep. Polis, Jared [D-CO-2] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Hanna, Richard L. [R-NY-22] · R · Cosponsor
• Rep. Hunter, Duncan D. [R-CA-50] · R · Cosponsor
• Rep. Sánchez, Linda T. [D-CA-38] · D · Cosponsor
• Rep. Braley, Bruce L. [D-IA-1] · D · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor

Showing 48 of 123 sponsors and actors.

Related records

• related to ← Small Business Lending Enhancement Act of 2013