Risk-Based Capital Study Act of 2015
Latest action · Dec 12, 2016 Placed on the Union Calendar, Calendar No. 679.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 15, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Risk-Based Capital Study Act of 2015
(Sec. 2) This bill directs the National Credit Union Administration (NCUA) to study the appropriate capital requirements for federal credit unions and state credit unions, including:
- whether the NCUA has the clear legal authority to prescribe separate risk-based capital thresholds for both "adequately capitalized" and "well capitalized" credit unions;
- a discussion of the differences between credit unions and other types of depository institutions and reasons why they should have similar or different risk-weights for their capital requirements;
- a discussion of the rationale behind the risk-weights assigned in the proposed NCUA rule "Risk-Based Capital"; and
- an analysis of the impact the proposed rule would have upon excess capital above the minimum level for a credit union to be "well capitalized" (a credit union's "capital cushion"), including the potential impact upon credit union lending and credit union examinations.
A credit union may not be required to provide information regarding the capital standards sought in the NCUA study, but may provide it voluntarily.
(Sec. 3) The NCUA may not issue or implement any final rule or regulation governing risk-based capital (including the proposed rule) earlier than 120 days after it reports to Congress on the study.
Cosponsors 16
Members who signed on, in the order they did. Signatures ran from Jun 15, 2015 to Oct 20, 2015; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Bill Posey | Original | Jun 15, 2015 |
| D-WA | Denny Heck | Original | Jun 15, 2015 |
| R-AR | J. French Hill | Jul 8, 2015 | |
| R-KY | Andy Barr | Jul 13, 2015 | |
| R-FL | Dennis A. Ross | Jul 21, 2015 | |
| R-AL | Mo Brooks | Jul 22, 2015 | |
| D-FL | Patrick Murphy | Jul 23, 2015 | |
| D-DC | Eleanor Holmes Norton | Jul 27, 2015 | |
| R-AL | Martha Roby | Jul 28, 2015 | |
| R-WI | Sean P. Duffy | Sep 8, 2015 | |
| R-PA | Keith J. Rothfus | Sep 16, 2015 | |
| R-AL | Bradley Byrne | Sep 24, 2015 | |
| R-NY | Chris Collins | Sep 28, 2015 | |
| R-NY | Peter T. King | Oct 5, 2015 | |
| D-CA | John Garamendi | Oct 9, 2015 | |
| R-KS | Lynn Jenkins | Oct 20, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 15, 2015Markup Sep 30, 2015Reported Dec 12, 2016 |
Actions 7
Everything that happened, newest first.
- Dec 12, 2016Reported by the Committee on Financial Services. H. Rept. 114-869.
- Dec 12, 2016Placed on the Union Calendar, Calendar No. 679.
- Sep 30, 2015Committee Consideration and Mark-up Session Held.
- Sep 30, 2015Ordered to be Reported by the Yeas and Nays: 50 - 9.
- Jun 15, 2015Introduced in House
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E894 | Stephen Lee Fincher R-TN | Jun 15, 2015 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Oct 15, 2015H.R. 2769, Risk-Based Capital Study Act of 2015As ordered reported by the House Committee on Financial Services on September 30, 2015
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 95, June 15, 2015, page H4382.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| 114-22 | FINANCING MAIN STREET: HOW DODD-FRANK IS CRIPPLING SMALL LENDERS AND ACCESS TO CAPITAL98 pages | Small Business Committee | Sep 17, 2015 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the National Credit Union Administration to conduct a study of the appropriate capital requirements for credit unions, and for other purposes.
- Short Titles as Introduced
- Risk-Based Capital Study Act of 2015
- Short Titles as Reported to House
- Risk-Based Capital Study Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Dec 12, 2016Reported in House
- Jun 15, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
