HR 975
119th Congress
House
Finance and Financial Sector
Administrative remedies
Banking and financial institutions regulation
Corporate finance and management
National Credit Union Administration
Credit Union Board Modernization Act
Introduced: February 4, 2025
Introduced by:
Vargas, Juan
Democratic
· California
See on congress.gov
Everywhere this bill has been
9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 11, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 10, 2025
Motion to reconsider laid on the table Agreed to without objection.
Feb 10, 2025
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
Feb 10, 2025
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, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
Feb 10, 2025
Considered under suspension of the rules. (consideration: CR H601-603)
Feb 10, 2025
Mr. Hill (AR) moved to suspend the rules and pass the bill.
Feb 4, 2025
Referred to the House Committee on Financial Services.
Feb 4, 2025
Introduced in House
Plain-English 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.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.