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Credit Union Board Modernization Act
2/8/2022, 11:17 PM
Congressional Summary of HR 5981
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.
Read the Full Bill
Current Status of Bill HR 5981
Bill HR 5981 is currently in the status of Bill Introduced since February 26, 2020. Bill HR 5981 was introduced during Congress 116 and was introduced to the House on February 26, 2020. Bill HR 5981's most recent activity was Referred to the House Committee on Financial Services. as of February 26, 2020
Bipartisan Support of Bill HR 5981
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5981
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Administrative remedies
- National Credit Union Administration
Alternate Title(s) of Bill HR 5981
Credit Union Board Modernization Act
To amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes.
Credit Union Board Modernization Act
Comments
Sponsors and Cosponsors of HR 5981
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