Credit Union Board Modernization Act
119-HR-975119th CongressIntroduced Feb 4, 2025Finance and Financial Sector
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsor
Rep. Vargas, Juan [D-CA-52](D-CA-52)22 cosponsors
Summary
Credit Union Board Modernization Act
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.
Subjects
Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration
Actions (10)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 11, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
Feb 10, 2025House floor actions
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
Feb 10, 2025House floor actions
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
Feb 10, 2025Library of Congress
DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
Feb 10, 2025House floor actions
Considered under suspension of the rules. (consideration: CR H601-603)
Feb 10, 2025House floor actions
Mr. Hill (AR) moved to suspend the rules and pass the bill.
Feb 10, 2025House floor actions
Referred to the House Committee on Financial Services.
Feb 4, 2025House floor actions
Introduced in House
Feb 4, 2025Library of Congress
Introduced in House
Feb 4, 2025Library of Congress