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EconomyH.R. 975Comments

Credit Union Board Modernization Act

Official title: To amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes.

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Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, done
  4. Outcome, current stage

What This Bill Does

This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.

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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. House floor actionsMr. Hill (AR) moved to suspend the rules and pass the bill.
  3. Passed the House
  4. Library of CongressIntroduced in House
  5. House floor actionsReferred to the House Committee on Financial Services.
  6. Introduced
  7. Committee

Comments

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