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.
Related bills
Bill text versions
Legislative Journey
- Introduced
- Committee
- Floor
- Passed Chamber 1
- Passed Chamber 2
- Signed
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SenateMotion to reconsider laid on the table Agreed to without objection.
HouseOn motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
HousePassed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
HouseConsidered under suspension of the rules. (consideration: CR H601-603)
HouseMr. Hill (AR) moved to suspend the rules and pass the bill.
HouseReferred to the House Committee on Financial Services.
HouseIntroduced in House
Introduced in House