S.2699: A bill to require the National Credit Union Administration to provide pass-through share insurance for the deposits or shares of any interest on lawyers trust accounts, and for other purposes.

About This Bill

  • Introduced July 30, 2014
  • Latest Major Action July 30, 2014

Bill Cosponsors

2 (All Democrats)

Bill Summary

Amends the Federal Credit Union Act regarding insured amounts payable in connection with a bankrupt state-chartered credit union for which the National Credit Union Administration (NCUA) Board is the liquidating agent. Revises requirements relating to the limitation to the standard maximum share insurance amount ($250,000) for the net amount of share insurance payable to any member at an insured credit union in the event of such a bankruptcy....

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.2699.

Bill Actions

Date Description
July 30, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
July 30, 2014

Introduced in the Senate by Angus King (ID-Maine)

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