Tuesday, May 29, 2018

Bills Delaying Implementation of Risk-Based Capital Rule Advance

Last week, the House of Representatives moved forward two bills that would delay the implementation of the National Credit Union Administration's risk-based capital rule.

The House Appropriations Subcommittee on Financial Services and General Government on May 24 advanced to the full committee legislation that included language to delay the implementation of the risk-based capital rule by two years from January 1, 2019 to January 1, 2021.

The same provision delaying the risk-based capital rule was also included as part of the Foreign Investment Risk Review Modernization Act of 2018 (H.R. 5841). H.R. 5841 was passed by the House Financial Services Committee on May 22.

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