H.R.1998 - State Credit Union Representation Act104th Congress (1995-1996)
|Sponsor:||Rep. Barr, Bob [R-GA-7] (Introduced 07/10/1995)|
|Committees:||House - Banking and Financial Services|
|Latest Action:||07/14/1995 Referred to the Subcommittee on Financial Institutions and Consumer Credit.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: H.R.1998 — 104th Congress (1995-1996)All Bill Information (Except Text)
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.