,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #dffe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ae1         
#bjag,ms4 ,moore 7= h]self & ,mr4 ,cook7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,f9ancial ,s]vices   
,a ,,bill  ,to am5d ! ,f$]al ,cr$it     
,union ,act to e/abli% proc$ures =      
,f$]al cr$it unions to provide cr$it    
union s]vices to und]s]v$ areas1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,f9ancial ,s]vices = !  
,und]s]v$ ,act ( #bjag4  #b4 ,am5dm5ts  
,relat+ to ,cr$it ,union ,s]vice to     
,und]s]v$ ,areas  7a7 ,9 g5]al ,p>agraph
 7#b7 ( section #aji7;c7 ( ! ,f$]al     
,cr$it ,union ,act 7#ab ,u4,s4,c4       
#agei7;c77#b77 is am5d$ to read z       
foll[s3  7#b7 ,exception = und]s]v$     
areas  7,a7 ,9 g5]al ,not)/&+ subsection
 7b71 ! ,bo>d may approve an application
 by a ,f$]al cr$it union to all[ !      
memb]%ip ( su* cr$it union to include   
any p]son or organization ^: pr9cipal   
resid5ce or place ( bus9ess is locat$ )9

 a local community1 neighborhood1 or    
rural di/rict if--  7i7 ! ,bo>d         
det]m9es-- 7,i7 at any "t aft] ,augu/   
#g1 #aiih1 t ! local community1         
neighborhood1 or rural di/rict tak5 into
 acc\nt = purposes ( ?is p>agraph is an 
und]s]v$ area 7z def9$ 9 section        
#aja7aj772 &  7,,ii7 at ! "t ( su*      
approval1 t ! cr$it union is well       
capitaliz$ or adequately capitaliz$ 7z  
def9$ 9 section #baf7;c77#a772 &  7ii7  
be=e ! end ( ! #bd-mon? p]iod beg9n+ on 
! date ( su* approval1 ! cr$it union has
 e/abli%$ & ma9ta9s an ongo+ me?od to   
provide s]vices 9 ! local community1    
neighborhood1 or rural di/rict4  7,b7   
,t]m9ation ( approval ,any failure ( a  
,f$]al cr$it union to meet ! requirem5t 
( clause 7ii7 ( subp>agraph 7,a7 by !   
end ( ! #bd-mon? p]iod ref]r$ to 9 su*  
clause %all con/itute a t]m9ation1 z a  
matt] ( law1 ( any approval ( an        
application "u ?is p>agraph by ! ,bo>d )
 respect to ! memb]%ip ( su* cr$it      
union4  7,c7 ,annual cr$it union report+

 requirem5t ,any ,f$]al cr$it union :i* 
has an application approv$ "u ?is       
p>agraph %all submit an annual report to
 ! ,adm9i/ration on ! numb] ( memb]s ( !
 cr$it union :o are memb]s by reason (  
su* application & ! numb] ( (fices or   
facilities ma9ta9$ by ! cr$it union 9 ! 
local community1 neighborhood1 or rural 
di/rict tak5 into acc\nt by ! ,bo>d 9   
approv+ su* application4  7,d7          
,publication by adm9i/ration ,!         
,adm9i/ration %all publi% annually a    
report conta9+-- 7i7 a li/ ( all !      
applications approv$ "u ?is p>agraph    
prior to ! publication ( ! report2  7ii7
 ! numb] & locations ( ! und]s]v$ areas 
tak5 into acc\nt 9 approv+ su*          
applications2 &  7iii7 ! total numb] (  
memb]s ( cr$it unions :o are memb]s by  
reason ( ! approval ( su* applications4 
4  7b7 ,und]s]v$ area def9$ ,section    
#aja ( ! ,f$]al ,cr$it ,union ,act 7#ab 
,u4,s4,c4 #ageb7 is am5d$-- 7#a7 by     
/rik+ & at ! end ( p>agraph 7#h72  7#b7 
by /rik+ ! p]iod at ! end ( p>agraph    

7#i7 & ins]t+ 2 &2 &  7#c7 by add+ at ! 
end ! foll[+ new p>agraph3  7#aj7 ! t]m 
und]s]v$ area-- 7,a7 means a geographic 
area consi/+ ( a s+le c5sus tract or a  
gr\p ( c5sus tracts1 ea* ( :i* meets !  
crit]ia =--  7i7 a l[-income community1 
z def9$ 9 section #de;,d7e7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf2 or  7ii7 is     
und]s]v$1 bas$ on data ( ! ,bo>d & !    
,f$]al bank+ ag5cies 7z def9$ 9 section 
#c ( ! ,f$]al ,deposit ,insurance ,act71
 by o!r depository in/itutions 7z def9$ 
9 section #ai7;b77#a77;,a7 ( ! ,f$]al   
,res]ve ,act72 &  7,b7 not)/&+          
subp>agraph 7,a71 includes1 ) respect to
 any ,f$]al cr$it union1 any geographic 
area )9 :i* su* cr$it union--  7i7 has  
receiv$ approval to provide s]vice be=e 
! date ( ! enactm5t ( ?is p>agraph f !  
,national ,cr$it ,union ,adm9i/ration2 &
  7ii7 has e/abli%$ a s]vice facility   
be=e su* date ( enactm5t4  4  7c7       
,con=m+ am5dm5t ,section #aji7;e77#b7 ( 
! ,f$]al ,cr$it ,union ,act 7#ab        
,u4,s4,c4 #agei7;e77#b77 is am5d$ by    

ins]t+ subsection 7c77#b7 & aft] provid$
 94