PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Financial Services.
Congressional Research Service
No official summary is available in the imported record yet.
People & committees
Rep. Bynum, Janelle S. [D-OR-5] · D–OR
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Sep 25, 2026. Consult Congress.gov for the current record.
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Analyze H.R.10082 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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PlainBill explanation
Based on the full Introduced in House · 2026-08-13 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
The bill would expand federal credit unions’ authority to invest in debt issued by outside organizations and in asset-backed securities. The new debt authority would limit investments in any single issuer to 10% of a specified capital measure. The federal credit union regulator would have to establish standards for purchasing asset-backed securities within one year after enactment.
Authority to invest in corporate debt
except that no credit union may invest more than 10 per centum of its paid-in unimpaired capital and surplus in the obligations of any one issuer.
The National Credit Union Administration Board shall, not later than 1 year after the date of the enactment of this section issue regulations to carry out the amendments made by this section and such regulations shall include, with respect to the purchase of asset-backed securities by Federal Credit Unions, requirements relating to—
Section 2 would authorize investment in marketable debt—tradable obligations such as bonds and notes—of agencies, associations, or companies meeting two conditions. Their membership or ownership must not be restricted to federal credit unions, credit union members, or credit union organizations, and they must not be designed primarily to serve or assist credit union operations.
(L) in the marketable obligations, bonds, notes, or other instruments of indebtedness of any agency, association, or company whose membership or ownership is not restricted to Federal credit unions and the members of credit unions or organizations of credit unions and that is not designed primarily to serve or otherwise assist credit union operations
Under the new debt authority, a credit union could invest no more than 10% of its “paid-in unimpaired capital and surplus” in obligations of any one issuer. This is a limit for each issuer, rather than an expressly stated total limit on all investments under the new authority. The supplied text does not define the capital measure used to calculate it.
except that no credit union may invest more than 10 per centum of its paid-in unimpaired capital and surplus in the obligations of any one issuer.
Section 3 would add asset-backed securities to the investment authority in section 107(15) of the Federal Credit Union Act. These are investments backed by assets; the proposal incorporates the definition in the Securities Exchange Act of 1934, whose precise coverage is not reproduced in the bundle.
Authority to invest in asset-backed securities (a) In general Section 107 of the Federal Credit Union Act (12 U.S.C. 1757) is amended in paragraph (15)—
by inserting after subparagraph (B) the following subparagraph: (C) asset-backed securities (as such term is defined in section 3(a) of the Securities Exchange Act of 1934); or .
The National Credit Union Administration Board would be required to issue regulations implementing the asset-backed securities amendment no later than one year after that section is enacted. This deadline concerns issuing regulations; it does not specify a separate start date for the investment authority.
The National Credit Union Administration Board shall, not later than 1 year after the date of the enactment of this section issue regulations to carry out the amendments made by this section
The regulations would have to address three purchase standards: the minimum size of an asset-backed securities offering when first distributed, its minimum total sale price, and its investment grade, meaning its credit-quality classification. The bill does not set numerical thresholds or a particular required grade.
such regulations shall include, with respect to the purchase of asset-backed securities by Federal Credit Unions, requirements relating to— (1) the minimum size of the issue of the asset-backed securities at the time of initial distribution; (2) minimum aggregate sale price of the asset-backed securities; and (3) the investment grade of the asset-backed securities.
The supplied official-actions snapshot, updated September 25, 2026, records introduction in the House and referral to the House Committee on Financial Services on August 13, 2026. It does not establish what happened after those actions.
Source snapshot updated 2026-09-25T08:06:37Z. 2026-08-13: Referred to the House Committee on Financial Services. 2026-08-13: Introduced in House
A closer look
Reviewed version: Introduced in House · 2026-08-13. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision or policy change attached to appropriations was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish the content or attachment history of other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish the absence of earmarks in other versions or accompanying materials.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
None identified in the reviewed text
No materially narrow carve-out, special exemption, or preferential exception was identified in the complete supplied introduced text. The investment authority applies to the bill’s intended regulated population. This conclusion is limited to that version and does not establish the absence of targeted benefits in other versions or accompanying materials.
Full text preserved for this analysis. Legislative record snapshot: Sep 25, 2026. How PlainBill uses AI