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HR. 975 · 119th Congress

Credit Union Board Modernization Act

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Bill details

Introduced: 2/4/2025
Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill ID: 119hr975
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Introduced in House

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.

Source: BILLSUM · Summary date: 2/4/2025

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Summary source label: BILLSUM
Congress.gov bill →GovInfo bill text (BILLS) →GovInfo summaries (BILLSUM) →OurCongress methodology →
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About this data

Non-partisan by design
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Official sources
Data is sourced from official government records (e.g., Congress.gov, GovInfo, Clerk of the House, and the U.S. Senate).
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Last updated: 2/4/2025Source: BILLSUMBill: 119hr975Learn more →