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U.S. GOVERNMENT
INFORMATION
Op
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-647
COMMON SENSE CREDIT UNION CAPITAL RELIEF ACT OF
2017
APRIL 24, 2018.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 4464]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4464) to repeal the rule issued by the National Credit
Union Administration titled Risk-Based Capital, having consid-
ered the same, report favorably thereon without amendment and
recommend that the bill do pass.
PURPOSE AND SUMMARY
Introduced by Representative Bill Posey on November 28, 2017,
H.R. 4464, the Common Sense Credit Union Relief Act of 2017,
repeals the October 15, 2015, National Credit Union Administra-
tion (NCUA) Final Risk-Based Capital Rule (80 FR 66626).
BACKGROUND AND NEED FOR LEGISLATION
The National Credit Union Administration (NCUA) is the inde-
pendent federal agency created by the U.S. Congress to regulate,
charter, and supervise federal credit unions. The NCUA operates
and manages the National Credit Union Share Insurance Fund
(NCUSIF), which insures the deposits of the account holders in all
federal credit unions and the majority of state-chartered credit
unions.
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