Credit Union Board Modernization Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 4, 2025)
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.
What just happenedFeb 11, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Referred in SenateFeb 11, 2025
- Engrossed in HouseFeb 10, 2025
- Introduced in HouseFeb 4, 2025
- Feb 11, 2025IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Feb 10, 2025FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Feb 10, 2025FloorH37300
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
- Feb 10, 2025Floor8000
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
- Feb 10, 2025FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
- Feb 10, 2025FloorH30000
Considered under suspension of the rules. (consideration: CR H601-603)
- Feb 10, 2025FloorH30300
Mr. Hill (AR) moved to suspend the rules and pass the bill.
- Feb 4, 2025IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Feb 4, 2025IntroReferralIntro-H
Introduced in House
- Feb 4, 2025IntroReferral1000
Introduced in House