CU Parity Bill Advances in House
A bill that would amend the Federal Credit Union Act to extend share insurance coverage to funds held in a member account on behalf of another individual has advanced in the House.
Reps. Ed Royce (R-Calif.) and Ed Perlmutter (D-Colo.) formally introduced H.R. 3468, the Credit Union Share Insurance Fund Parity Act, late on Wednesday. The House Financial Services Committee passed the legislation on Thursday.