Credit Union Board Modernization Act

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.

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Timeline

1. 4 February 2025

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 4 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 February 2025

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

5. 10 February 2025

   Passed

   On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)

   Source: Floor

6. 10 February 2025

   Floor

   Mr. Hill (AR) moved to suspend the rules and pass the bill.

   Source: Floor

7. 10 February 2025

   Passed

   Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)

   Source: Floor

8. 10 February 2025

   Floor

   DEBATE - The House proceeded with forty minutes of debate on H.R. 975.

   Source: Floor

9. 10 February 2025

   Floor

   Considered under suspension of the rules. (consideration: CR H601-603)

   Source: Floor

10. 11 February 2025

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

4 official files

• Referred in Senate

  Referred in Senate · EN · 11 February 2025

  DownloadOpen at official source

• Engrossed in House

  Engrossed in House · EN · 10 February 2025

  DownloadOpen at official source

• Introduced in House

  Introduced in House · EN · 4 February 2025

  DownloadOpen at official source

• Introduced in House

  summary · EN · 4 February 2025

  Open at official source

Sponsors

• Juan Vargas · D · Sponsor
• Rep. Huizenga, Bill [R-MI-4] · R · Sponsor
• Sean Casten · D · Cosponsor
• Hillary Scholten · D · Cosponsor
• Rep. Davidson, Warren [R-OH-8] · R · Cosponsor
• Rep. Meuser, Daniel [R-PA-9] · R · Cosponsor
• Bill Foster · D · Cosponsor
• Young Kim · R · Cosponsor
• Rep. Issa, Darrell [R-CA-48] · R · Cosponsor
• Rep. Fulcher, Russ [R-ID-1] · R · Cosponsor
• Salud Carbajal · D · Cosponsor
• Gregory Meeks · D · Cosponsor
• Rep. Griffith, H. Morgan [R-VA-9] · R · Cosponsor
• Rep. Finstad, Brad [R-MN-1] · R · Cosponsor
• Dina Titus · D · Cosponsor
• Judy Chu · D · Cosponsor
• Brad Sherman · D · Cosponsor
• Jim Costa · D · Cosponsor
• Nikema Williams · D · Cosponsor
• Rep. Nunn, Zachary [R-IA-3] · R · Cosponsor
• William Timmons · R · Cosponsor
• Scott Peters · D · Cosponsor
• Frank Lucas · R · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Responsible Legislating Act
• related to ← Credit Union Board Modernization Act
• related to ← Main Street Capital Access Act