,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cdfh  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ac1       
#bjac,mr4 ,royce 7for himself1 ,mr4     
,perlmutter1 ,mr4 ,gary ,g4 ,miller of  
,california1 and ,mr4 ,sherman7         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
amend the ,federal ,credit ,union ,act  
to extend insurance coverage to amounts 
held in a member account on behalf of   
another person1 and for other purposes4 
#a4 ,short title ,this ,act may be cited
 as the ,credit ,union ,share ,insurance
 ,fund ,parity ,act4  #b4 ,insurance of 
amounts held on behalf of others        
,section #bjg7k77#a7 of the ,federal    
,credit ,union ,act 7#ab ,u4,s4,c4      
#aghg7k77#a77 is amended-- 7#a7 in      
subparagraph 7,a71 by inserting after   
deposits in the name of the member the  
following3 or held in the member's      
account on behalf of another person2 and
  7#b7 in subparagraph 7,c71 by striking

 the period and inserting the following3
 1 or where a member holds funds for the
 use of a nonmember4 ,coverage for an   
account established by a member shall be
 consistent with that of the ,federal   
,deposit ,insurance ,corporation        
regardless of the membership status of  
the owner of the funds that are         
deposited in an account established by a
 credit union member44