HR 975 United States House · 119th Congress

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.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Feb 2025

House Passage

Feb 2025

Senate Passage

President

Introduced Feb 4, 2025 Last action Feb 11, 2025

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 11, 2025

Committee

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

upper

Feb 10, 2025

Lower · 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)

lower

Feb 4, 2025

Committee

Referred to the House Committee on Financial Services.

lower

Feb 4, 2025

Introduced

Introduced in House

lower

1 primary · 22 co-sponsors