Credit Union Board Modernization Act
USA117th CongressHR-6889| House
| Updated: 10/11/2022
Juan Vargas
Democratic Representative
California
Cosponsors (109)
Dusty Johnson (Republican)Doug LaMalfa (Republican)Dwight Evans (Democratic)Barry Moore (Republican)Nikema Williams (Democratic)David Kustoff (Republican)John Garamendi (Democratic)Trent Kelly (Republican)Jared Huffman (Democratic)Jake LaTurner (Republican)Tim Burchett (Republican)Adam B. Schiff (Democratic)Mike Johnson (Republican)Ashley Hinson (Republican)Alexander X. Mooney (Republican)Ed Case (Democratic)Warren Davidson (Republican)Derek Kilmer (Democratic)Sanford D. Bishop (Democratic)Pete Aguilar (Democratic)David Scott (Democratic)Stephanie I. Bice (Republican)Mariannette Miller-Meeks (Republican)Jackie Walorski (Republican)Carolyn Bourdeaux (Democratic)Steven Horsford (Democratic)Young Kim (Republican)Jimmy Panetta (Democratic)William R. Timmons (Republican)Eric Swalwell (Democratic)Dina Titus (Democratic)Pete Sessions (Republican)Kathy E. Manning (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Angie Craig (Democratic)Andrew R. Garbarino (Republican)Lucille Roybal-Allard (Democratic)Ken Calvert (Republican)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)David B. McKinley (Republican)Barry Loudermilk (Republican)Kaiali'i Kahele (Democratic)Alan S. Lowenthal (Democratic)Gus M. Bilirakis (Republican)H. Morgan Griffith (Republican)Andy Barr (Republican)Darrell Issa (Republican)Mark DeSaulnier (Democratic)Joe Wilson (Republican)Jim Cooper (Democratic)Doug Lamborn (Republican)Elaine G. Luria (Democratic)Rodney Davis (Republican)Mike Kelly (Republican)Nancy Mace (Republican)Dean Phillips (Democratic)Brad Finstad (Republican)Kelly Armstrong (Republican)Cliff Bentz (Republican)Alma S. Adams (Democratic)Glenn Grothman (Republican)Anna G. Eshoo (Democratic)Blake D. Moore (Republican)John H. Rutherford (Republican)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Sharice Davids (Democratic)Brad Sherman (Democratic)Norma J. Torres (Democratic)Anthony Gonzalez (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Joe Neguse (Democratic)Mark E. Amodei (Republican)Sean Casten (Democratic)Mary E. Miller (Republican)Lisa C. McClain (Republican)Pete Stauber (Republican)David G. Valadao (Republican)Michael F. Q. San Nicolas (Democratic)Michelle Steel (Republican)Julia Brownley (Democratic)Rick Larsen (Democratic)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Bill Huizenga (Republican)Earl Blumenauer (Democratic)Jay Obernolte (Republican)Randy Feenstra (Republican)Bill Posey (Republican)Suzanne Bonamici (Democratic)Russ Fulcher (Republican)Linda T. Sánchez (Democratic)Ralph Norman (Republican)Jason Crow (Democratic)Susie Lee (Democratic)Tracey Mann (Republican)Ted Budd (Republican)Jaime Herrera Beutler (Republican)Michelle Fischbach (Republican)Brian Babin (Republican)Katie Porter (Democratic)Susan Wild (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 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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Placed on the Union Calendar, Calendar No. 386.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-517.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8157-8158; text: CR H8157-8158)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6889.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
The title of the measure was amended. Agreed to without objection.
Pursuant to the provisions of H. Res. 1396, proceedings on H.R. 6889 are considered vacated.
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.
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.
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
USA117th CongressHR-6889| House
| Updated: 10/11/2022
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.
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.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Placed on the Union Calendar, Calendar No. 386.
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-517.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8157-8158; text: CR H8157-8158)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6889.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
The title of the measure was amended. Agreed to without objection.
Pursuant to the provisions of H. Res. 1396, proceedings on H.R. 6889 are considered vacated.
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.
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.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Juan Vargas
Democratic Representative
California
Cosponsors (109)
Dusty Johnson (Republican)Doug LaMalfa (Republican)Dwight Evans (Democratic)Barry Moore (Republican)Nikema Williams (Democratic)David Kustoff (Republican)John Garamendi (Democratic)Trent Kelly (Republican)Jared Huffman (Democratic)Jake LaTurner (Republican)Tim Burchett (Republican)Adam B. Schiff (Democratic)Mike Johnson (Republican)Ashley Hinson (Republican)Alexander X. Mooney (Republican)Ed Case (Democratic)Warren Davidson (Republican)Derek Kilmer (Democratic)Sanford D. Bishop (Democratic)Pete Aguilar (Democratic)David Scott (Democratic)Stephanie I. Bice (Republican)Mariannette Miller-Meeks (Republican)Jackie Walorski (Republican)Carolyn Bourdeaux (Democratic)Steven Horsford (Democratic)Young Kim (Republican)Jimmy Panetta (Democratic)William R. Timmons (Republican)Eric Swalwell (Democratic)Dina Titus (Democratic)Pete Sessions (Republican)Kathy E. Manning (Democratic)Steve Cohen (Democratic)Tony Cárdenas (Democratic)Scott H. Peters (Democratic)Jerry L. Carl (Republican)Angie Craig (Democratic)Andrew R. Garbarino (Republican)Lucille Roybal-Allard (Democratic)Ken Calvert (Republican)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)David B. McKinley (Republican)Barry Loudermilk (Republican)Kaiali'i Kahele (Democratic)Alan S. Lowenthal (Democratic)Gus M. Bilirakis (Republican)H. Morgan Griffith (Republican)Andy Barr (Republican)Darrell Issa (Republican)Mark DeSaulnier (Democratic)Joe Wilson (Republican)Jim Cooper (Democratic)Doug Lamborn (Republican)Elaine G. Luria (Democratic)Rodney Davis (Republican)Mike Kelly (Republican)Nancy Mace (Republican)Dean Phillips (Democratic)Brad Finstad (Republican)Kelly Armstrong (Republican)Cliff Bentz (Republican)Alma S. Adams (Democratic)Glenn Grothman (Republican)Anna G. Eshoo (Democratic)Blake D. Moore (Republican)John H. Rutherford (Republican)Betty McCollum (Democratic)Eleanor Holmes Norton (Democratic)Sharice Davids (Democratic)Brad Sherman (Democratic)Norma J. Torres (Democratic)Anthony Gonzalez (Republican)Salud O. Carbajal (Democratic)Jim Costa (Democratic)Joe Neguse (Democratic)Mark E. Amodei (Republican)Sean Casten (Democratic)Mary E. Miller (Republican)Lisa C. McClain (Republican)Pete Stauber (Republican)David G. Valadao (Republican)Michael F. Q. San Nicolas (Democratic)Michelle Steel (Republican)Julia Brownley (Democratic)Rick Larsen (Democratic)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Bill Huizenga (Republican)Earl Blumenauer (Democratic)Jay Obernolte (Republican)Randy Feenstra (Republican)Bill Posey (Republican)Suzanne Bonamici (Democratic)Russ Fulcher (Republican)Linda T. Sánchez (Democratic)Ralph Norman (Republican)Jason Crow (Democratic)Susie Lee (Democratic)Tracey Mann (Republican)Ted Budd (Republican)Jaime Herrera Beutler (Republican)Michelle Fischbach (Republican)Brian Babin (Republican)Katie Porter (Democratic)Susan Wild (Democratic)Mike Levin (Democratic)Judy Chu (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
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- S 117-4325: Credit Union Board Modernization Act
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration