HR. 975In Committee
Credit Union Board Modernization Act
Plain-English overview
What this bill does
Reduces how often certain credit union boards must meet by allowing most to hold six meetings yearly instead of monthly while keeping stricter rules for new and low-rated credit unions
Key points
- Require monthly meetings for new credit unions
- Require quarterly meeting distribution
- Reduce board meeting frequency
Current status
Where it stands
Status
In Committee
Latest action
2025-02-11 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related context
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Discovery signals
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Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
MomentumHow recently active or changing the bill appears in available data.