Last night, Congressman Bill Posey (R-FL-8) introduced H.R. 5288. If passed, this would delay implementation of the NCUA Risk Based Capital Rule until Jan. 1, 2021.
Earlier this Congress, Posey introduced legislation to repeal the rule. This is seen as a compromise that may make it easier to see something pass and head to the President’s desk. The League is thankful for Congressman Posey’s continued support of credit unions and looks forward to working with him on this legislation.