Credit Union Board Modernization Act
Latest action · Feb 11, 2025 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 4, 2025
- Passed HouseFeb 10, 2025
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from Feb 4, 2025 to Feb 10, 2025, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MI | Bill Huizenga | Original | Feb 4, 2025 |
| D-IL | Bill Foster | Feb 7, 2025 | |
| R-MN | Brad Finstad | Feb 7, 2025 | |
| D-CA | Brad Sherman | Feb 7, 2025 | |
| R-PA | Daniel Meuser | Feb 7, 2025 | |
| R-CA | Darrell Issa | Feb 7, 2025 | |
| D-NV | Dina Titus | Feb 7, 2025 | |
| D-NY | Gregory W. Meeks | Feb 7, 2025 | |
| R-VA | H. Morgan Griffith | Feb 7, 2025 | |
| D-MI | Hillary J. Scholten | Feb 7, 2025 | |
| D-CA | Judy Chu | Feb 7, 2025 | |
| R-ID | Russ Fulcher | Feb 7, 2025 | |
| D-CA | Salud O. Carbajal | Feb 7, 2025 | |
| D-IL | Sean Casten | Feb 7, 2025 | |
| R-OH | Warren Davidson | Feb 7, 2025 |
Actions 9
Everything that happened, newest first.
- Feb 11, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 10, 2025Considered under suspension of the rules. (consideration: CR H601-603)
- Feb 10, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
- Feb 10, 2025Motion to reconsider laid on the table Agreed to without objection.
- Feb 10, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill.
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 185 | Responsible Legislating Act | Related bill | Mar 14, 2025 |
| S 522 | Credit Union Board Modernization Act | Related bill | Feb 11, 2025 |
| HR 6644 | 21st Century ROAD to Housing Act | Related bill | Jul 11, 2026 |
| HR 6955 | Main Street Capital Access Act | Related bill | Jul 22, 2026 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 3
Each version as it was printed, newest first.
- Feb 11, 2025Referred in Senate
- Feb 10, 2025Engrossed in House
- Feb 4, 2025Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.