---
kind: "section"
citation: "15 U.S.C. § 9047"
title: "15"
title_heading: "Commerce and Trade"
number: "9047"
heading: "Federal credit union transaction account guarantees"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/9047"
units:
  - "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"
---

# §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](/usc/15/636e.md?p=1) 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.


## Source credit

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