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On this page you will find information and NASCUS
commentary on proposed federal legislation that may
affect state chartered credit unions. NASCUS’ general
policy is to comment only on federal legislation
that affects the dual chartering system or could
impact state-chartered credit unions, substantially
impact state-chartered credit union share insurance
requirements or infringe upon state regulatory authority.
To view NASCUS Congressional
testimony, click here.
2008 Legislative News and Commentary
House Passes Comprehensive Bill to Help Homeowners
May 9 - The American Housing Rescue and Foreclosure Plan, H. R. 3221, combines a number of bills including measures to modernize the Federal Housing Administration (FHA) and reform Government Sponsored Enterprises (GSEs).
CURIA Legislation Introduced in Senate
May 1 - After several months of anticipation, a Senate version of the Credit Union Regulatory Improvements Act (CURIA) was introduced May 1.
Mark-ups Scheduled for Mortgage Relief Bills in the House
April 21 - House Financial Services Chairman Barney Frank (D, Mass.) announced that mark-ups will be held April 23 and 24 on two measures to combat the unprecedented rise in foreclosures.
House Financial Services Chairman Reveals Significant Policy Options to Address Economic Crisis
March 20 - At the Boston Chamber of Commerce on March 20, House Financial Services Committee Chairman Barney Frank (D-Mass.) highlighted several considerable possibilities for policy reforms to stabilize the housing market and the challenged economy.
NASCUS Chairman Highlights Capital Modernization as Critical Element of Credit Union Regulatory Relief at March 6 Hearing
March 7 - NASCUS Chairman George Reynolds (GA) testified on behalf of NASCUS and state regulators at a hearing of the House Financial Services Committee focused on regulatory relief for credit unions on March 6.
Need for Capital Reform and Member Business Enhancements Focus of Credit Union Regulatory Relief March 6 Hearing
March 7 - The hearing “The Need for Credit Union Regulatory Relief and Improvement” was the first hearing in nearly five years focused exclusively on credit union issues.
CURRA Legislation Includes Some CURIA Provisions, But No Capital Reform
March 7- Congressmen Paul Kanjorski (D, Pa.) and Ed Royce (R, Calif.) introduced a slimmed down credit union regulatory relief bill, H.R. 5519, the Credit Union Regulatory Relief Act (CURRA) of 2008.
NASCUS to Testify at House Financial Services Committee March 6 Hearing on CURIA and Regulatory Relief
February 27 - NASCUS announced that it has accepted an invitation to testify before the House Financial Services Committee on March 6 at the hearing to discuss the Credit Union Regulatory Improvements Act (CURIA), H.R. 1537, and regulatory relief for credit unions.
Congress Schedules Hearing to Discuss Community Reinvestment Act
February 7 - The House Financial Services Committee scheduled a hearing on February 13 to discuss the Community Reinvestment Act (CRA). The hearing is scheduled to coincide with the 30th anniversary of the Act.
House Financial Services Committee Reveals Agenda for 2008, Discusses Economic Stimulus Package
January 25 - NASCUS attended a news conference January 24 to understand priorities of the House Financial Services Committee for 2008 and to learn more about the Committee’s position on the recent economic stimulus package presented by the Bush Administration. read more >
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