← Back to Bills
H.R. 5288House115th Congress (2017-2019)In Committee

Common Sense Credit Union Capital Relief Act of 2018

Sponsored by Bill PoseyRep. Bill Posey (R-FL)
Introduced March 14, 2018

AI-Generated Summary

Updated April 15, 2026 at 8:44 PM UTC

The Common Sense Credit Union Capital Relief Act of 2018 postpones the start of the National Credit Union Administration’s Risk‑Based Capital rule. The rule, originally set to take effect earlier, will now become effective on January 1, 2021. This delay impacts all federally‑insured credit unions that would be subject to the capital requirements of that rule.

Key Provisions

  • Delays the effective date of the NCUA’s Risk‑Based Capital rule to January 1, 2021.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

March 14, 2018

View full timeline
HouseIntro Referral

Introduced in House

March 14, 2018

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

March 14, 2018

Bill Text

Latest available legislative text

Reading Mode
Latest
Raw Text PDF XML
Introduced in HouseIssued March 14, 2018

I

115th CONGRESS

2d Session

H. R. 5288

IN THE HOUSE OF REPRESENTATIVES

March 14, 2018

Mr. Posey (for himself and Mr. Heck) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To delay the effective date of the rule issued by the National Credit Union Administration titled Risk-Based Capital.

1.

Short Title

This Act may be cited as the Common Sense Credit Union Capital Relief Act of 2018.

2.

Delay in effective date

Notwithstanding any effective date set forth in the rule issued by the National Credit Union Administration titled Risk-Based Capital (published at 80 Fed. Reg. 66626 (October 29, 2015)), such final rule shall take effect on January 1, 2021.