# 119-hr-10082: Credit Union Investment Authority Act

119-hr-10082, Credit Union Investment Authority Act, is a 119th Congress bill sponsored by Rep. Bynum, Janelle S. [D-OR-5] (D-OR); status introduced; PRIA reads it as touching household money (as of 2026-09-26).

- Canonical: https://policyrisk.com/legislation/119-hr-10082
- As of: 2026-09-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-10082
- Congress: 119
- Title: Credit Union Investment Authority Act
- Status: introduced
- Introduced: 2026-08-13
- Sponsor: Rep. Bynum, Janelle S. [D-OR-5] (D-OR)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-26

## Summary

**Would expand federal credit unions' investment authority to include marketable obligations and asset-backed securities.** It would set a 10 percent per-issuer limit and require the National Credit Union Administration Board to issue rules within one year to govern purchases of asset-backed securities. - Federal credit unions: Would be allowed to buy marketable obligations, bonds, notes, or other debt of agencies, associations, or companies whose membership or ownership is not restricted to federal credit unions and whose activities are not designed primarily to serve credit union operations. They could not invest more than 10 percent of paid-in unimpaired capital and surplus in obligations of any one issuer. - National Credit Union Administration Board: Would have one year to write implementing regulations for asset-backed securities purchases. Those rules must set minimum initial issue size, minimum aggregate sale price, and a minimum investment grade for assets federal credit unions may buy. - Issuers and markets: Would expand the pool of eligible issuers and add asset-backed securities as eligible investments by cross-referencing the Securities Exchange Act definition.

## Cosponsors (2)

- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-09-24T00:00:00.000Z
- Rep. Kim, Young [R-CA-40] (R-CA), 2026-08-13T00:00:00.000Z

## Provisions PRIA read

- New investment options and limits for credit unions: mixed, medium. If enacted, Federal credit unions would be allowed to buy marketable obligations from issuers that are not limited to credit unions. They would also be allowed to buy asset-backed securities as defined in section 3(a) of the Securities Exchange Act of 1934. The NCUA Board would have to write rules…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-4669: FEMA Act of 2025
- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-10082 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/10082)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-10082 (as of 2026-09-26).