,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #gai  ,,in ,,the ,,house ,,of   
,,representatives  ,february #ad1 #bjac 
,mr4 ,king of ,new ,york 7for himself1  
,mr4 ,sherman1 ,ms4 ,bonamici1 ,mr4     
,bishop of ,new ,york1 ,mr4 ,hanna1 ,mr4
 ,jones1 ,mr4 ,loebsack1 ,mr4 ,meeks1   
,mr4 ,michaud1 ,ms4 ,norton1 ,ms4       
,pingree of ,maine1 ,mr4 ,polis1 ,mr4   
,posey1 ,ms4 ,waters1 and ,mr4          
,blumenauer7 introduced the following   
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to clarify the ,national       
,credit ,union ,administration authority
 to improve credit union safety and     
soundness4  #a4 ,short title ,this ,act 
may be cited as the ,capital ,access for
 ,small ,businesses and ,jobs ,act4  #b4
 ,improving credit union safety and     
soundness ,the ,federal ,credit ,union  
,act 7#ab ,u4,s4,c4 #agea et seq47 is   
amended--  7#a7 in section #ajg--  7,a7 
in paragraph 7#af71 by striking and at  
the end2  7,b7 in paragraph 7#ag71 by   

striking the period and inserting 2 and2
 and  7,c7 by adding at the end the     
following3  7#ah7 to receive payments on
 uninsured non-share accounts described 
under section #baf7o77#b77;,d71 subject 
to such terms1 rates1 and conditions as 
may be established by the board of      
directors1 within limitations prescribed
 by the ,board4  2 and  7#b7 in section 
#baf--  7,a7 in subsection              
7b77#a77;,b77ii71 by striking must rely 
and inserting rely predominantly2 and   
7,b7 in subsection 7o77#b7--  7i7 in    
subparagraph 7,b71 by striking and at   
the end2  7ii7 in subparagraph 7,c77ii71
 by striking the period and inserting 2 
and2 and  7iii7 by adding at the end the
 following3  7,d7 with respect to any   
insured credit union other than a       
low-income credit union1 includes       
uninsured non-share accounts as         
authorized by the ,board1 that--  7i7 do
 not alter the cooperative nature of the
 credit union2  7ii7 are subordinate to 
all other claims against the credit     

union1 including the claims of          
creditors1 shareholders1 and the ,fund2 
7iii7 are available to be applied to    
cover operating losses of the credit    
union in excess of its retained earnings
 and1 to the extent so applied1 will not
 be replenished2  7iv7 if they have a   
stated maturity1 have an initial        
maturity of at least #e years2  7v7 if  
they have a stated maturity1 the net    
worth value of such accounts may be     
discounted at the discretion of the     
,board when the remaining maturity is   
less than #e years2  7vi7 are subject to
 disclosure and consumer protection     
requirements as determined by the       
,board2  7vii7 are offered by a credit  
union that is determined by the ,board  
to be sufficiently capitalized and      
well-managed2 and  7viii7 are subject to
 such rules and regulations as the      
,board may establish4  4