HR 975 · in committee · significant
Credit Union Board Modernization Act
- economy
What this bill does
- Credit unions can reduce board meetings from monthly to six times per year, except for new or low-rated institutions.
- Credit union board members and the institutions they oversee are affected by this operational change.
- The change takes effect immediately upon enactment with no direct federal cost.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
How might reducing board meetings from monthly to six times yearly affect credit unions' ability to respond quickly to financial or operational crises?
- 02
What criteria should determine which credit unions qualify for fewer meetings, and how would regulators verify that institutions meet those standards?
- 03
What evidence suggests that six annual board meetings provide sufficient oversight compared to the current monthly requirement?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · D-CA-52
Juan Vargas
Citizen cosponsors
0
In Congress
22/ 435
House Reps cosponsoring
Introduced 2025-02-11
Joining the bill
Bill Huizenga
R-MI-4 · original
Brad Sherman
D-CA-32
Hillary J. Scholten
D-MI-3
Dina Titus
D-NV-1
Warren Davidson
R-OH-8
Bill Foster
D-IL-11
Russ Fulcher
R-ID-1
Brad Finstad
R-MN-1
H. Morgan Griffith
R-VA-9
Darrell Issa
R-CA-48
Young Kim
R-CA-40
Judy Chu
D-CA-28
+ 10 more
Legislative timeline
2025-02-11 · senate · IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-10 · house · Floor
Motion to reconsider laid on the table Agreed to without objection.
2025-02-10 · house · Floor
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
2025-02-10 · Floor
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)
2025-02-10 · house · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 975.
2025-02-10 · house · Floor
Considered under suspension of the rules. (consideration: CR H601-603)
2025-02-10 · house · Floor
Mr. Hill (AR) moved to suspend the rules and pass the bill.
2025-02-04 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-02-04 · IntroReferral
Introduced in House
2025-02-04 · IntroReferral
Introduced in House
Citizen comments
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