H.R. 1042 · 109th Congress
Net Worth Amendment For Credit Unions Act
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 109th Congress ended.
R
BachusSponsor17 cosponsors · 7 D, 9 R, 1 I
R
Brown-Waite
TF
R
Feeney
LG
D
Gutiérrez
DH
D
Hooley
PK
D
Kanjorski
SKR
Kelly
SL
R
LaTourette
CM
D
Maloney
CM
D
McCarthy
DM
D
Moore
BN
R
Ney
ER
R
Royce
RR
R
Renzi
BS
I
Sanders
BS
D
Sherman
RP
R
Paul
DC
R
Camp15 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Mar 2, 2005
- House Passed Jun 13, 2005
Net Worth Amendment For Credit Unions Act - (Sec. 2) Amends the Federal Credit Union Act relating to the requirement of prompt corrective action to resolve the problems of an insured credit union at the least possible long-term loss to the National Credit Union Share Insurance Fund.
What it does: CRS summary · Passed House without amendment · Jun 13, 2005
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Net Worth Amendment For Credit Unions Act - (Sec. 2) Amends the Federal Credit Union Act relating to the requirement of prompt corrective action to resolve the problems of an insured credit union at the least possible long-term loss to the National Credit Union Share Insurance Fund.
Redefines net worth as the retained earnings balance of a credit union (as determined under generally accepted accounting principles, as under current law), together with any amounts that were previously retained earnings of any other credit union with which the credit union has combined.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Net Worth Amendment For Credit Unions Act
Latest action (Jun 16, 2005): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 2, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Mar 2, 2005
- House Passed Jun 13, 2005
No recorded floor vote found.