HR 582 · 118th Congress · Finance and Financial Sector

Credit Union Board Modernization Act

Introduced 2023-01-26· Sponsored by Rep. Vargas, Juan [D-CA-52]· House

Bill Progress

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Introduced
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Committee
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House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-01-31)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

9 Democrats11 Republicans
Rep. Huizenga, Bill [R-MI-4]MI
Rep. Castor, Kathy [D-FL-14]FL
Rep. Carter, Earl L. "Buddy" [R-GA-1]GA
Rep. Rutherford, John H. [R-FL-5]FL
Rep. Horsford, Steven [D-NV-4]NV
Rep. Sherman, Brad [D-CA-32]CA
Rep. Carl, Jerry L. [R-AL-1]AL
Rep. Brownley, Julia [D-CA-26]CA
Rep. Kilmer, Derek [D-WA-6]WA
Rep. Mace, Nancy [R-SC-1]SC
Rep. Davidson, Warren [R-OH-8]OH
Rep. Williams, Nikema [D-GA-5]GA
Rep. Bishop, Sanford D., Jr. [D-GA-2]GA
Rep. Mooney, Alexander X. [R-WV-2]WV
Rep. Griffith, H. Morgan [R-VA-9]VA
Rep. Fischbach, Michelle [R-MN-7]MN
Rep. Adams, Alma S. [D-NC-12]NC
Rep. Posey, Bill [R-FL-8]FL
Rep. Burchett, Tim [R-TN-2]TN
Rep. Casten, Sean [D-IL-6]IL