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Proposal:Credit Union Board Modernization Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 5981
Type of Legislation House Bill
Congress 116
Source View original on Congress.gov
Geographic Scope
National

Description

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.

Bill Title

Credit Union Board Modernization Act

Linked Goals

Steps

  • 2020-02-26: Referred to the House Committee on Financial Services.
  • 2020-02-26: Introduced in House
  • 2020-02-26: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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