To repeal the rule issued by the National Credit Union Administration titled Risk-Based Capital.
Section 1
Short title
This Act may be cited as the “Common Sense Credit Union Capital Relief Act of 2017”.
Sec. 2
Repeal
The rule issued by the National Credit Union Administration titled “Risk-Based Capital” (published at 80 Fed. Reg. 66626 (October 29, 2015)) shall have no force or effect, and any regulation revised by that rule shall be applied as if that rule had not been issued.