15 U.S.C. § 9047

§9047. Federal credit union transaction account guarantees

Edition 2024

U.S.C. Title 15 - COMMERCE AND TRADE
15 U.S.C.

United States Code, 2024 Edition

Title 15 - COMMERCE AND TRADE

CHAPTER 116 - CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT)

SUBCHAPTER III - ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED SECTORS OF THE UNITED STATES ECONOMY

Part A - Coronavirus Economic Stabilization

Sec. 9047 - Federal credit union transaction account guarantees

From the U.S. Government Publishing Office, www.gpo.gov

§9047. Federal credit union transaction account guarantees

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 December 31, 2020.

(Pub. L. 116–136, div. A, title IV, §4008(b), Mar. 27, 2020, 134 Stat. 478.)

Official source