The Stabilization Fund Expenditures Act amended the Federal Credit Union Act (FCU Act) by clarifying the NCUA's authority to make stabilization fund expenditures without borrowing from the Department of Treasury. It also amended the FCU Act's definition of “net worth” and “equity ratio.” Lastly, it directed the General Accountability Office (GAO) to conduct a study on NCUA's handling of the corporate credit union crisis.
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