Credit Union Investment Authority Act
Latest action (13 Aug 2026): Introduced
What this bill does
H.R. 10082, the Credit Union Investment Authority Act, would amend the Federal Credit Union Act to broaden the types of financial instruments federal credit unions are permitted to invest in. Specifically, it would allow federal credit unions to invest in marketable debt obligations, bonds, or notes issued by companies or associations not affiliated with or restricted to credit unions, capping any single issuer's holdings at 10 percent of a credit union's paid-in unimpaired capital and surplus. It would also add asset-backed securities, as defined under federal securities law, to the list of permissible investments, while directing the National Credit Union Administration Board to issue implementing regulations within one year covering minimum issue size, minimum sale price, and required investment grade for such securities.
The bill primarily affects federal credit unions, which would gain expanded options for managing their investment portfolios, and the National Credit Union Administration, which would be responsible for writing new regulatory standards. Indirectly, credit union members and the broader financial sector could be affected by changes in how credit unions manage risk and liquidity.
The bill was introduced on August 13, 2026, by Rep. Janelle Bynum with a cosponsor, and referred to the House Committee on Financial Services. It has not yet received a committee vote or floor action; further steps would require committee consideration before any vote by the full House.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on August 13, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10082 do?
- H.R. 10082, the Credit Union Investment Authority Act, would amend the Federal Credit Union Act to broaden the types of financial instruments federal credit unions are permitted to invest in. Specifically, it would allow federal credit unions to invest in marketable debt obligations, bonds, or notes issued by companies or associations not affiliated with or restricted to credit unions, capping any single issuer's holdings at 10 percent of a credit union's paid-in unimpaired capital and surplus. It would also add asset-backed securities, as defined under federal securities law, to the list of permissible investments, while directing the National Credit Union Administration Board to issue implementing regulations within one year covering minimum issue size, minimum sale price, and required investment grade for such securities. The bill primarily affects federal credit unions, which would gain expanded options for managing their investment portfolios, and the National Credit Union Administration, which would be responsible for writing new regulatory standards. Indirectly, credit union members and the broader financial sector could be affected by changes in how credit unions manage risk and liquidity. The bill was introduced on August 13, 2026, by Rep. Janelle Bynum with a cosponsor, and referred to the House Committee on Financial Services. It has not yet received a committee vote or floor action; further steps would require committee consideration before any vote by the full House.
- Has H.R. 10082 become law?
- Not yet. As of 13 Aug 2026, H.R. 10082 is introduced.
- Who sponsored H.R. 10082?
- H.R. 10082 was sponsored by Rep. Janelle Bynum [D-OR5] (Democrat-OR), with 2 cosponsors.
- What's the latest action on H.R. 10082?
- Introduced (13 Aug 2026).
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