HR 6889 United States House · 117th Congress

Credit Union Board Modernization Act

Summary

Credit Union Board Modernization Act This bill revises the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires monthly meetings for new credit unions during their first five years and for credit unions with a low soundness rating. 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.

Bill status passed 3 of 5 stages cleared

Introduction

Mar 2022

Committee Review

Oct 2022

House Passage

Sep 2022

Senate Passage

President

Introduced Mar 1, 2022 Last action Oct 11, 2022

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Oct 11, 2022

Committee

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

upper

Sep 29, 2022

Lower · Passed

Pursuant to section 10 of H. Res. 1396, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1638, as amended; H.R. 3304, as amended; H.R. 4081, as amended; H.R. 4821, as amended; H.R. 6889, as amended; H.R. 6967, as amended; H.R. 8163, as amended; H.R. 8510, as amended; H.R. 8681, as amended; H.R. 8875, as amended; H.R. 8956; S. 1198; and agree to the Senate amendments to H.R. 5641.

lower

Sep 29, 2022

Lower · Passed

Passed/agreed to in House: Pursuant to section 10 of H. Res. 1396, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1638, as amended; H.R. 3304, as amended; H.R. 4081, as amended; H.R. 4821, as amended; H.R. 6889, as amended; H.R. 6967, as amended; H.R. 8163, as amended; H.R. 8510, as amended; H.R. 8681, as amended; H.R. 8875, as amended; H.R. 8956; S. 1198; and agree to the Senate amendments to H.R. 5641.

lower

Sep 29, 2022

Introduced

The title of the measure was amended. Agreed to without objection.

lower

Sep 28, 2022

Introduced

Ms. Waters moved to suspend the rules and pass the bill, as amended.

lower

Sep 28, 2022

Lower · Passed

Reported (Amended) by the Committee on Financial Services. H. Rept. 117-517.

lower

Jul 27, 2022

Introduced

Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

lower

Jul 27, 2022

Lower · Passed

Committee Consideration and Mark-up Session Held.

lower

Mar 1, 2022

Committee

Referred to the House Committee on Financial Services.

lower

Mar 1, 2022

Introduced

Introduced in House

lower

1 primary · 109 co-sponsors