H.R. 2769, the Risk-Based Capital Study Act, will bescheduled for mark-up by the House Financial Services Committee onWednesday, Sept. 30 at 10 a.m. Eastern. According to multiplesources who asked not to be identified because the committee hasnot officially announced the mark up, the so-called stop and studybill, which would directthe NCUA to re-evaluate its proposed RBC rule, justify itsmerits and explain the agency's authority to impose the capitalrequirement on credit unions, is also expected to be voted on bythe committee the following day.

The bill was introduced by Reps. Stephen Fincher (R-Tenn.),Dennis Heck (D-Wash.) and Bill Posey (R-Fla.).

CUNA President/CEO Jim Nussle wrote a letter to House FinancialServices Committee Chairman Jeb Hensarling (R-Texas) and RankingMember Maxine Waters (D-Calif.) in support of the bill Tuesday.Nussle wrote that committee action on the legislation would sendanother very significant signal to the NCUA that its proposal mustbe consistent with the law and seek to minimize additionalregulatory burden on credit unions.

While CUNA's opinion of the bill was initially mixed, NAFCU hasalways fully supported the legislation. NAFCU Senior Vice President of Government Affairs and GeneralCounsel Carrie Hunt wrote in June that the bill was crucialbecause crucial a change as significant as imposing arisk-based capital regime on credit unions deserves maximumscrutiny from both the NCUA and Congress before any finalrulemaking.

NCUA Chairman Debbie Matz said she plans to finalize the rule bythe end of the year. Board Member Mark McWatters said in January when he votedagainst a revised version of the rule the NCUA does not have thelegal authority to implement a two-tiered risk-based capitalregime.