Privately Insured Credit Unions Conversion Modernization Act

This bill changes a section of the Federal Credit Union Act that sets rules for credit union member votes on changing a credit union's deposit insurance status. It removes the requirement that at least 20 percent of a credit union's total membership take part in the vote for the result to count. It also changes a required notice period in that section from between 7 and 30 days to at least 90 days.

Full text and official record on Congress.gov

Sponsors

• Catherine Cortez Masto Democrat sponsor
• 1 cosponsors