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Reps. Stephen Fincher, R-Tenn., Bill Posey, R-Fla., and Denny Heck, D-Wash., on Tuesday urged NCUA to voluntarily undertake the risk-based capital study called for in their committee-approved bill, H.R. 2769, before moving ahead with finalizing RBC2.

The bipartisan H.R. 2769 was overwhelmingly approved by the House Financial Services Committee in a 50-9 vote last week.

The NAFCU-backed legislation would require NCUA to review its RBC2 proposal and report back to Congress on the agency's authority to issue a two-tier, risk-based capital rule and the impact it would have on credit unions and their members.

"A strong bipartisan majority of the House Financial Services Committee agrees with this sentiment, as the bill was passed by the Committee last week by an overwhelming majority of 50-9," the lawmakers wrote. "In light of the Committee's recent bipartisan advancement of this important legislation, we encourage you to voluntarily undertake the study outlined in our bill, and communicate your findings and recommendations to Congress, before moving forward and finalizing the risk-based capital proposal."

They continued, "We believe this act of good faith would be in accordance with the will of the Committee on Financial Services and serve to foster a better understanding of the proposal among the credit unions you regulate."

During the mark-up last week, both Fincher and Posey highlighted NAFCU's support of the bill.