WASHINGTON — Freshman Congressman Hank Johnson (D-Ga.) recently signed on as the latest co-sponsor to the Credit Union Regulatory Improvements Act (H.R. 1537).
With the addition of Johnson (D-Ga.), the number of lawmakers backing CURIA rose to 129, including primary sponsor Paul Kanjorski (D-Pa.). In the previous Congress, CURIA had garnered 125 over the two years; right now Congress is just weeks away from the scheduled adjournment of the first session of the 110th Congress.
CURIA would establish a risk-based capital framework, expand member business lending, and permit all federal credit union charter types to adopt underserved areas. It would also require a 30% voter participation requirement in credit union to mutual savings bank conversion, among other things.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
