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H.R. 1244 · 115th Congress

Capital Access for Small Businesses and Jobs Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

PKR KingSponsor
13 cosponsors · 9 D, 4 R
SBD Bonamici WJR Jones DKD Kilmer DLD Loebsack END Norton CPD Pingree BPR Posey TRD Ryan BSD Sherman TPR Poe SCR Chabot RND Nolan MTD Takano

9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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:

What it does: CRS summary · Introduced in House · Feb 28, 2017

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Capital Access for Small Businesses and Jobs Act

Latest action (Feb 28, 2017): Referred to the House Committee on Financial Services.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Feb 28, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.