Privately Insured Credit Unions Conversion Modernization Act

This bill changes the Federal Credit Union Act rules for member votes on credit union conversions involving federal deposit insurance. It removes the requirement that at least 20 percent of a credit union's total membership take part in the vote for it to count. It also changes a timing window tied to the vote from 'not more than 30 nor less than 7 days' to 'not less than 90 days.'

Full text and official record on Congress.gov

Sponsors

• Warren Davidson Republican sponsor
• 1 cosponsors