Proposal:Credit Union Modernization Act of 2019

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	S 3326
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

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 Title

Credit Union Modernization Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-02-24: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2020-02-24: Introduced in Senate

Projected Outcome

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