HR 975 119th 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: February 10, 2025 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

Feb 11, 2025

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

Feb 10, 2025

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)

Feb 10, 2025

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)

Feb 10, 2025

DEBATE - The House proceeded with forty minutes of debate on H.R. 975.

Feb 10, 2025

Motion to reconsider laid on the table Agreed to without objection.

Feb 10, 2025

Mr. Hill (AR) moved to suspend the rules and pass the bill.

Feb 10, 2025

Considered under suspension of the rules. (consideration: CR H601-603)

Feb 4, 2025

Introduced in House

Feb 4, 2025

Referred to the House Committee on Financial Services.

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Jun 22, 1999	Senate · vote #178	On Cloture on the Motion to Proceed H.R. 975	Rejected	42–57	See who voted →

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Plain-English summary Congressional Research Service

Credit Union Board Modernization Act

This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.

What's happening now February 11, 2025

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

Related & companion bills 3

Bill text 3 versions

Engrossed in House Formatted Text PDF Formatted XML
Introduced in House Formatted Text PDF Formatted XML
Referred in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Financial Services Committee
House of Representatives
Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 32

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

BROWNSTEIN HYATT FARBER SCHRECK, LLP
for CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2026
MICHIGAN CREDIT UNION LEAGUE
for MICHIGAN CREDIT UNION LEAGUE · Michigan · 2nd Quarter (Apr 1 - June 30) 2026
GOWEST CREDIT UNION ASSOCIATION
for GOWEST CREDIT UNION ASSOCIATION · Washington · 1st Quarter (Jan 1 - Mar 31) 2026
LEAGUE OF SOUTHEASTERN CREDIT UNIONS
for LEAGUE OF SOUTHEASTERN CREDIT UNIONS · Florida · 1st Quarter (Jan 1 - Mar 31) 2026
BROWNSTEIN HYATT FARBER SCHRECK, LLP
for CREDIT UNION NATIONAL ASSOCIATION, INC. DBA AMERICAS CREDIT UNIONS · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2026
MICHIGAN CREDIT UNION LEAGUE
for MICHIGAN CREDIT UNION LEAGUE · Michigan · 1st Quarter (Jan 1 - Mar 31) 2026

See all 32 filings →

Cosponsors 22

Costa, Jim

California · Feb 10, 2025

Lucas, Frank D.

Oklahoma · Feb 10, 2025

Nunn, Zachary

Iowa · Feb 10, 2025

Peters, Scott H.

California · Feb 10, 2025

Timmons, William R.

South Carolina · Feb 10, 2025

Williams, Nikema

Georgia · Feb 10, 2025

Carbajal, Salud O.

California · Feb 7, 2025

Casten, Sean

Illinois · Feb 7, 2025

Chu, Judy

California · Feb 7, 2025

Davidson, Warren

Ohio · Feb 7, 2025

Finstad, Brad

Minnesota · Feb 7, 2025

Foster, Bill

Illinois · Feb 7, 2025

Fulcher, Russ

Idaho · Feb 7, 2025

Griffith, H. Morgan

Virginia · Feb 7, 2025

Issa, Darrell

California · Feb 7, 2025

Kim, Young

California · Feb 7, 2025

Meeks, Gregory W.

New York · Feb 7, 2025

Meuser, Daniel

Pennsylvania · Feb 7, 2025

Scholten, Hillary J.

Michigan · Feb 7, 2025

Sherman, Brad

California · Feb 7, 2025

Titus, Dina

Nevada · Feb 7, 2025

Huizenga, Bill

Michigan · Feb 4, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 975: Credit Union Board Modernization Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-975/

MLA

"H.R. 975: Credit Union Board Modernization Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-975/.

Bluebook (legal)

H.R. 975, 119th Cong. (2026), https://openamerica.io/bill/119-HR-975/.

Markdown link

[H.R. 975: Credit Union Board Modernization Act](https://openamerica.io/bill/119-HR-975/)