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HR 975Passed HouseFinancehouse
Credit Union Board Modernization Act
Introduced Feb 4, 2025 by Rep. Juan Vargas
IntroducedCommitteeFloorCongressLaw
The House passed it. The Senate has to pass it before it can reach the President.
Latest action · Feb 11, 2025
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
No recorded roll-call vote on this bill — it may have passed by voice vote or unanimous consent, which don't record individual votes.
History
- Feb 11, 2025Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 10, 2025Motion to reconsider laid on the table Agreed to without objection.
- Feb 10, 2025On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
- Feb 10, 2025Passed/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, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
- Feb 10, 2025Considered under suspension of the rules. (consideration: CR H601-603)
- Feb 10, 2025Mr. Hill (AR) moved to suspend the rules and pass the bill.
- Feb 4, 2025Referred to the House Committee on Financial Services.
- Feb 4, 2025Introduced in House