Summary: H.R.1998 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.1998. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/10/1995)

State Credit Union Representation Act - Amends the Federal Credit Union Act to require that one member of the National Credit Union Administration Board be a State credit union supervisor (or the functional equivalent), appointed for a single term of two years. Prohibits such member from serving as Chairman of the Board. Prohibits the President from appointing: (1) an individual to such seat more than once; or (2) an individual serving as State credit union supervisor (or the functional equivalent) of the same State as the most recently appointed State credit union supervisor member.

States that such members shall serve without compensation, but shall be allowed travel expenses.