Credit Union Board Modernization Act
This bill appears to be dead.
No action recorded in 1 year, 5 months. The structural status reflects an earlier milestone, not current activity.
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.
Filed in the House
This house bill has been filed and is working its way through Congress. It will need to pass both the House and the Senate, then be signed by the President to become law.
Who introduced this
Juan Vargas
DemocratU.S. Representative · CA-52
Bipartisan — 22 cosponsors (11 D, 11 R)
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