WASHINGTON — Six more lawmakers have signed on as co-sponsors to the Credit Union Regulatory Improvements Act (H.R. 1536).
Representatives Ric Keller (R-Fla.); Gregory Meeks (D-N.Y.); Russ Carnahan (D-Mo.); Michael Michaud (D-Maine); Howard Berman (D-Calif.); and John Salazar (D-Colo.) added their names to the list for a total of 53 members of the House officially backing CURIA. The bill achieved 125 co-sponsors in the 109th Congress.
This year's version brings the proposed risk-based capital provisions more in line with the bank's framework, further expands credit union business lending, tightens credit union-to-mutual savings bank conversion standards, and re-authorizes all federal credit union charter types to adopt underserved areas, among other things.
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