H.R. 975 · 119th Congress
Credit Union Board Modernization Act
In committee
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Bill details
Introduced: 2/4/2025
Current status: In committee
Introduced by: Juan Vargas (D · CA-52)
Bill ID: 119hr975
Latest official action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill overview
A neutral overview based on official congressional sources.
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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