Title 15 — Commerce and Trade
Part A · Chapter 116 — Coronavirus Economic Stabilization (cares Act)
§ 9047. Federal credit union transaction account guarantees
Statutory text
Notwithstanding any other provision of law and in coordination with the Federal Deposit Insurance Corporation, the National Credit Union Administration Board may by a vote of the Board increase to unlimited, or such lower amount as the Board approves, the share insurance coverage provided by the National Credit Union Share Insurance Fund on any noninterest-bearing transaction account in any federally insured credit union without exception, provided that any such increase shall terminate not later than .
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Coronavirus Economic Stabilization Act of 2020
Pub. L. 116–136 div. A title IV § 4008(b) · 134 Stat. 281
Enacted · 15 U.S.C. § 9047
(Pub. L. 116–136, div. A, title IV, § 4008(b), Mar. 27, 2020, 134 Stat. 478.)
Source evidence
Code source credit
(Pub. L. 116–136, div. A, title IV, § 4008(b), Mar. 27, 2020, 134 Stat. 478.)Enacted provision · exact public law section
(b) Federal Credit Union Transaction Account Guarantees.— Notwithstanding any Coordination. Deadline. other provision of law and in coordination with the Federal Deposit Insurance Corporation, the National Credit Union Administration Board may by a vote of the Board increase to unlimited, or such lower amount as the Board approves, the share insurance coverage provided by the National Credit Union Share Insurance Fund on any noninterest-bearing transaction account in any federally insured credit union without exception, provided that any such increase shall terminate not later than December 31, 2020.
1 of 1 references resolved to an enrolled provision