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H.R. 6889 · 117th Congress

Credit Union Board Modernization Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 117th Congress ended.

JVD VargasSponsor
109 cosponsors · 52 D, 57 R
MAR Amodei PAD Aguilar JBD Brownley TBR Budd ECD Case WDR Davidson BFR Fitzpatrick AGR Gonzalez MJR Johnson KKD Kahele AMR Mooney MMR Miller BMR Moore KPD Porter LRD Roybal-Allard PSR Sessions DTD Titus WTR Timmons SBD Bonamici ABR Barr BBR Babin KCR Calvert SCD Cohen SCD Carbajal RDR Davis DIR Issa DLR LaMalfa NMR Mace RNR Norman LSD Sánchez ESD Swalwell NTD Torres JWR Wilson ACD Craig RFR Feenstra AGR Garbarino LMR McClain BMR Moore END Norton AAD Adams JCD Cooper JCD Costa AED Eshoo JGD Garamendi GGR Grothman JHD Huffman AHR Hinson ALD Lowenthal BLR Loudermilk JPD Panetta BSD Sherman DSD Scott DVR Valadao TCD Cárdenas MDD DeSaulnier YKR Kim MLD Levin SPD Peters JWR Walorski SHD Horsford DKD Kildee JOR Obernolte JRR Rutherford ASD Schiff SBD Bishop GBR Bilirakis TBR Burchett JCR Carl TER Emmer DED Evans TKR Kelly JND Neguse MFR Fischbach MKR Kelly TLD Lieu KMD Manning KAR Armstrong JHR Herrera Beutler DKR Kustoff EBD Blumenauer SCD Casten SLD Lee BMD McCollum CBR Bentz JCD Chu BHR Huizenga DMR McKinley BPR Posey DPD Phillips MSD San Nicolas SDD Davids HGR Griffith JLR LaTurner TMR Mann SBR Bice DJR Johnson MMR Miller-Meeks MSR Steel PSR Stauber SWD Wild RLD Larsen DLR Lamborn CBD Bourdeaux JCD Crow RFR Fulcher BFR Finstad DKD Kilmer ELD Luria NWD Williams

18 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. House Introduced Mar 1, 2022
  2. House Passed Sep 29, 2022

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.

What it does: CRS summary · Passed House · Sep 29, 2022

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Credit Union Board Modernization Act

Latest action (Oct 11, 2022): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 1, 2022

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. House Introduced Mar 1, 2022
  2. House Passed Sep 29, 2022

No recorded floor vote found.