Search
 

CURIA Backed by 37 Lawmakers So Far

WASHINGTON-Four new lawmakers recently signed on as co-sponsors of the Credit Union Regulatory Improvements Act (H.R. 3579), which goes beyond the Financial Services Regulatory Relief Act (H.R. 1375) provisions for credit unions. Congressmen Tom Allen (D-Me.), Robert "Bud" Cramer (D-Ala.), Donald Payne (D-N.J.), and Thomas Tancredo (R-Colo.) all signed on...

By Staff Writer | Updated on April 06, 2004

WASHINGTON-Four new lawmakers recently signed on as co-sponsors of the Credit Union Regulatory Improvements Act (H.R. 3579), which goes beyond the Financial Services Regulatory Relief Act (H.R. 1375) provisions for credit unions. Congressmen Tom Allen (D-Me.), Robert “Bud” Cramer (D-Ala.), Donald Payne (D-N.J.), and Thomas Tancredo (R-Colo.) all signed on to the bill March 24, making a total of 37 lawmakers co-sponsoring the bill. Congressmen Ed Royce (R-Calif.) and Paul Kanjorski (D-Pa.) are the bill’s main sponsors. CURIA includes most of the provisions contained within H.R. 1375, the Financial Services Regulatory Relief Act, which passed the House on March 17. The only one not included in CURIA is the provision allowing privately insured credit unions to join the Federal Home Loan Bank System. In addition, to those provisions, CURIA would also permit credit unions to expand their business lending to 20% of assets, establish a risk-based Prompt Corrective Action system for credit unions, and allow credit unions to lease excess office space in underserved areas without the intent of ever occupying the space themselves.

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?

NOT FOR REPRINT

© 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.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.