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S. 3326 116th Congress Senate

Credit Union Modernization Act of 2019

Official title: A bill to amend the Federal Credit Union Act to remove outdated responsibilities of boards of directors of Federal credit unions.

Introduced: February 24, 2020 Introduced by: Thom Tillis Republican · North Carolina See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCredit and credit markets
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 24, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 24, 2020
Introduced in Senate
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 Latest action February 24, 2020

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

 Plain-English summary Congressional Research Service

Credit Union Modernization Act of 2019

This bill revises the duties of boards of directors of federal credit unions, including by removing requirements for (1) the disclosure to the National Credit Union Administration of certain loan officer information, and (2) the direct management of credit union membership by a board of directors.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3326: Credit Union Modernization Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-3326/
MLA
"S. 3326: Credit Union Modernization Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3326/.
Bluebook (legal)
S. 3326, 116th Cong. (2026), https://openamerica.io/bill/116-S-3326/.
Markdown link
[S. 3326: Credit Union Modernization Act of 2019](https://openamerica.io/bill/116-S-3326/)
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