Credit Union Board Modernization Act
USA118th CongressHR-582| House
| Updated: 1/31/2023
Juan Vargas
Democratic Representative
California
Cosponsors (60)
Dwight Evans (Democratic)Barry Moore (Republican)Nikema Williams (Democratic)David Kustoff (Republican)Ryan K. Zinke (Republican)John Garamendi (Democratic)Jared Huffman (Democratic)Tim Burchett (Republican)Ashley Hinson (Republican)Alexander X. Mooney (Republican)Warren Davidson (Republican)Derek Kilmer (Democratic)Bill Foster (Democratic)Patrick Ryan (Democratic)Sanford D. Bishop (Democratic)Mariannette Miller-Meeks (Republican)Andrew Ogles (Republican)Steven Horsford (Democratic)Young Kim (Republican)William R. Timmons (Republican)Dina Titus (Democratic)Steve Cohen (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Angie Craig (Democratic)Tim Walberg (Republican)Earl L. "Buddy" Carter (Republican)Daniel T. Kildee (Democratic)Gus M. Bilirakis (Republican)H. Morgan Griffith (Republican)Darrell Issa (Republican)Nancy Mace (Republican)Hillary J. Scholten (Democratic)Brad Finstad (Republican)Brittany Pettersen (Democratic)Alma S. Adams (Democratic)Blake D. Moore (Republican)John H. Rutherford (Republican)Kathy Castor (Democratic)Brad Sherman (Democratic)Mark E. Green (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Sean Casten (Democratic)Lisa C. McClain (Republican)Dale W. Strong (Republican)Julia Brownley (Democratic)John W. Rose (Republican)Tom Emmer (Republican)Bill Huizenga (Republican)Earl Blumenauer (Democratic)Jay Obernolte (Republican)Randy Feenstra (Republican)Bill Posey (Republican)Russ Fulcher (Republican)Michael Lawler (Republican)Michelle Fischbach (Republican)Katie Porter (Democratic)Mike Levin (Democratic)Judy Chu (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Credit Union Board Modernization Act This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. 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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Mr. McHenry moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H501-502)
DEBATE - The House proceeded with forty minutes of debate on H.R. 582.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration
Credit Union Board Modernization Act
USA118th CongressHR-582| House
| Updated: 1/31/2023
Credit Union Board Modernization Act This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. 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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Mr. McHenry moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H501-502)
DEBATE - The House proceeded with forty minutes of debate on H.R. 582.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Juan Vargas
Democratic Representative
California
Cosponsors (60)
Dwight Evans (Democratic)Barry Moore (Republican)Nikema Williams (Democratic)David Kustoff (Republican)Ryan K. Zinke (Republican)John Garamendi (Democratic)Jared Huffman (Democratic)Tim Burchett (Republican)Ashley Hinson (Republican)Alexander X. Mooney (Republican)Warren Davidson (Republican)Derek Kilmer (Democratic)Bill Foster (Democratic)Patrick Ryan (Democratic)Sanford D. Bishop (Democratic)Mariannette Miller-Meeks (Republican)Andrew Ogles (Republican)Steven Horsford (Democratic)Young Kim (Republican)William R. Timmons (Republican)Dina Titus (Democratic)Steve Cohen (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Angie Craig (Democratic)Tim Walberg (Republican)Earl L. "Buddy" Carter (Republican)Daniel T. Kildee (Democratic)Gus M. Bilirakis (Republican)H. Morgan Griffith (Republican)Darrell Issa (Republican)Nancy Mace (Republican)Hillary J. Scholten (Democratic)Brad Finstad (Republican)Brittany Pettersen (Democratic)Alma S. Adams (Democratic)Blake D. Moore (Republican)John H. Rutherford (Republican)Kathy Castor (Democratic)Brad Sherman (Democratic)Mark E. Green (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Sean Casten (Democratic)Lisa C. McClain (Republican)Dale W. Strong (Republican)Julia Brownley (Democratic)John W. Rose (Republican)Tom Emmer (Republican)Bill Huizenga (Republican)Earl Blumenauer (Democratic)Jay Obernolte (Republican)Randy Feenstra (Republican)Bill Posey (Republican)Russ Fulcher (Republican)Michael Lawler (Republican)Michelle Fischbach (Republican)Katie Porter (Democratic)Mike Levin (Democratic)Judy Chu (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration