HR 582
118th Congress
House
Finance and Financial Sector
Administrative remedies
Banking and financial institutions regulation
Corporate finance and management
National Credit Union Administration
Credit Union Board Modernization Act
Introduced: January 26, 2023
Introduced by:
Vargas, Juan
Democratic
· California
See on congress.gov
Everywhere this bill has been
9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 31, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 30, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jan 30, 2023
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
Jan 30, 2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
Jan 30, 2023
Considered under suspension of the rules. (consideration: CR H501-502)
Jan 30, 2023
Mr. McHenry moved to suspend the rules and pass the bill.
Jan 30, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 582.
Jan 26, 2023
Referred to the House Committee on Financial Services.
Jan 26, 2023
Introduced in House
Plain-English summary
Credit Union Board Modernization Act
This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. 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.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2