Credit Union Board Modernization Act

HR 975 - 119 Congress

Introduced

Feb 04, 2025

Origin chamber

House

Updated time

Mar 10, 2025 07:25 pm

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.

Sponsors

Juan Vargas

Representative - California

Party: Democratic, 2013 -

Cosponsors

Bill Huizenga

Representative - Michigan

Party: Republican, 2011 -

Sean Casten

Representative - Illinois

Party: Democratic, 2019 -

Hillary J. Scholten

Representative - Michigan

Party: Democratic, 2023 -

Warren Davidson

Representative - Ohio

Party: Republican, 2016 -

Daniel Meuser

Representative - Pennsylvania

Party: Republican, 2019 -

Bill Foster

Representative - Illinois

Party: Democratic, 2008 -

Young Kim

Representative - California

Party: Republican, 2021 -

Darrell Issa

Representative - California

Party: Republican, 2001 -

Russ Fulcher

Representative - Idaho

Party: Republican, 2019 -

Salud O. Carbajal

Representative - California

Party: Democratic, 2017 -

Gregory W. Meeks

Representative - New York

Party: Democratic, 1997 -

H. Morgan Griffith

Representative - Virginia

Party: Republican, 2011 -

Brad Finstad

Representative - Minnesota

Party: Republican, 2022 -

Dina Titus

Representative - Nevada

Party: Democratic, 2009 -

Judy Chu

Representative - California

Party: Democratic, 2009 -

Brad Sherman

Representative - California

Party: Democratic, 1997 -

Jim Costa

Representative - California

Party: Democratic, 2005 -

Nikema Williams

Representative - Georgia

Party: Democratic, 2021 -

Zachary Nunn

Representative - Iowa

Party: Republican, 2023 -

William R. Timmons IV

Representative - South Carolina

Party: Republican, 2019 -

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