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- S.2699
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 Sponsor
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
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) |