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Bill · 119th Congress · HR 975
Credit Union Board Modernization Act
Refreshed 5 h ago
Introduced 2025-02-04Topic: economy jobsSummary
Summary by the Congressional Research ServiceCredit 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.
Sponsors
- Juan Vargas Democrat sponsor
- 22 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-02-11 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | refer |
| 2025-02-10 | House | Motion to reconsider laid on the table Agreed to without objection. | |
| 2025-02-10 | House | On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602) | |
| 2025-02-10 | Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602) | floor pass | |
| 2025-02-10 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 975. | |
| 2025-02-10 | House | Considered under suspension of the rules. (consideration: CR H601-603) | |
| 2025-02-10 | House | Mr. Hill (AR) moved to suspend the rules and pass the bill. | |
| 2025-02-04 | House | Referred to the House Committee on Financial Services. | refer |
| 2025-02-04 | Introduced in House | introduce | |
| 2025-02-04 | Introduced in House | introduce |