HR 5981
116th Congress
House
Finance and Financial Sector
Administrative remedies
National Credit Union Administration
Credit Union Board Modernization Act
Introduced: February 26, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 26, 2020
Referred to the House Committee on Financial Services.
Feb 26, 2020
Introduced in House
Plain-English summary
Credit Union Board Modernization Act
This bill reduces the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires at least six meetings annually, with at least one meeting held during each fiscal quarter. Currently, boards must meet at least once a month.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1