Search
 

Total Signatures on CURIA Rises to 52

WASHINGTON-Following the addition of three new co-sponsors to the Credit Union Regulatory Improvements Act (H.R. 3579), the final tally comes to 51, plus the bill's main sponsor, Congressman Ed Royce (R-Calif.). Representatives Henry Brown (R-S.C.), Alcee Hastings (D-Fla.), and Lucille Roybal-Allard (D-Calif.) added their signatures to the bill June 2....

By Staff Writer | Updated on June 15, 2004

WASHINGTON-Following the addition of three new co-sponsors to the Credit Union Regulatory Improvements Act (H.R. 3579), the final tally comes to 51, plus the bill’s main sponsor, Congressman Ed Royce (R-Calif.). Representatives Henry Brown (R-S.C.), Alcee Hastings (D-Fla.), and Lucille Roybal-Allard (D-Calif.) added their signatures to the bill June 2. CURIA provides regulatory relief for credit unions in various areas. It also expands the member business lending cap from 12.25% to 20% of assets. It establishes a risk-based capital system for Prompt Corrective Action purposes and it permits credit unions to rent out unused real estate in low-income areas. “At one point there was some consideration for holding a CURIA hearing [June 22, the same day as the Senate hearing on the Financial Services Regulatory Relief Act] on the House side until they realized that NCUA would be tied up in that hearing,” CUNA Vice President of Legislative Affairs and Senior Legislative Counsel Gary Kohn. “They’re now looking at July dates as the most likely time for a CURIA hearing.”

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.