Install
Credit Union Board Modernization Act
To amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
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.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Feb 11, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 10, 2025 Motion to reconsider laid on the table Agreed to without objection.
- Feb 10, 2025 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
- Feb 10, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
- Feb 10, 2025 Considered under suspension of the rules. (consideration: CR H601-603)
- Feb 10, 2025 Mr. Hill (AR) moved to suspend the rules and pass the bill.
- Feb 4, 2025 Referred to the House Committee on Financial Services.
- Feb 4, 2025 Introduced in House
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