H.R. 6889
Referred to CommitteeCredit Union Board Modernization Act
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/11/2022 • Senate
Summary
Credit Union Board Modernization Act
This bill revises the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires monthly meetings for new credit unions during their first five years and for credit unions with a low soundness rating. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter. Currently, all credit union boards must meet at least once a month.
Passed House • 9/29/2022
Topics & Subjects
Congressional Votes (0)
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Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (110)
Party Breakdown
Sponsor
Cosponsors (109)
Bill Journey
Originated in the House
Introduced
March 1, 2022
Committee Review
July 27, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Floor Debate
September 28, 2022
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (2)
S. 4325
Credit Union Board Modernization Act
H.Res. 1396
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