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United States · Bill · HR

H.R. 582 (118th)

Credit Union Board Modernization Act

referredUnited States· United States Congress· EN

Introduced

26 January 2023

Last action

31 January 2023 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Rep. Vargas, Juan [D-CA-52], Rep. Huizenga, Bill [R-MI-4], Rep. Castor, Kathy [D-FL-14], Rep. Carter, Earl L. "Buddy" [R-GA-1], Rep. Rutherford, John H. [R-FL-5], Rep. Horsford, Steven [D-NV-4], Rep. Sherman, Brad [D-CA-32], Jerry Carl, Rep. Brownley, Julia [D-CA-26], Rep. Kilmer, Derek [D-WA-6], Rep. Mace, Nancy [R-SC-1], Rep. Davidson, Warren [R-OH-8], Rep. Williams, Nikema [D-GA-5], Rep. Bishop, Sanford D. [D-GA-2], Rep. Mooney, Alexander X. [R-WV-2], Rep. Griffith, H. Morgan [R-VA-9], Rep. Fischbach, Michelle [R-MN-7], Rep. Adams, Alma S. [D-NC-12], Rep. Posey, Bill [R-FL-8], Rep. Burchett, Tim [R-TN-2], Rep. Casten, Sean [D-IL-6], Rep. Kustoff, David [R-TN-8], Rep. Cohen, Steve [D-TN-9], Rep. Levin, Mike [D-CA-49], Rep. Ryan, Patrick [D-NY-18], Rep. Titus, Dina [D-NV-1], Rep. Timmons, William R. [R-SC-4], Rep. Lawler, Michael [R-NY-17], Rep. Emmer, Tom [R-MN-6], Rep. Walberg, Tim [R-MI-5], Rep. Moore, Barry [R-AL-1], Rep. Rose, John W. [R-TN-6], Rep. Finstad, Brad [R-MN-1], Rep. Feenstra, Randy [R-IA-4], Rep. Kildee, Daniel T. [D-MI-5], Rep. Carbajal, Salud O. [D-CA-24], Rep. Hinson, Ashley [R-IA-2], Rep. Evans, Dwight [D-PA-3], Rep. Porter, Katie [D-CA-47], Rep. Issa, Darrell [R-CA-48], Rep. Scholten, Hillary J. [D-MI-3], Rep. Fulcher, Russ [R-ID-1], Rep. Craig, Angie [D-MN-2], Rep. Pettersen, Brittany [D-CO-7], Rep. Ogles, Andrew [R-TN-5], Rep. Garamendi, John [D-CA-8], Rep. Peters, Scott H. [D-CA-50], Rep. Bilirakis, Gus M. [R-FL-12]

Subjects

Taxation

Source updated

27 May 2025

Taxation

Summary

Credit Union Board Modernization Act This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter. Currently, all credit union boards must meet at least once a month.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 January 2023

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 26 January 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 26 January 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 30 January 2023

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  5. 30 January 2023

    Passed

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)

    Source: Floor

  6. 30 January 2023

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)

    Source: Floor

  7. 30 January 2023

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 582.

    Source: Floor

  8. 30 January 2023

    Floor

    Considered under suspension of the rules. (consideration: CR H501-502)

    Source: Floor

  9. 30 January 2023

    Floor

    Mr. McHenry moved to suspend the rules and pass the bill.

    Source: Floor

  10. 31 January 2023

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 31 January 2023

    ViewDownloadOpen at official source

  • Referred in Senate (PDF)

    Referred in Senate · EN · 31 January 2023

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  • Engrossed in House (text)

    Engrossed in House · EN · 30 January 2023

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 30 January 2023

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  • Passed House

    summary · EN · 30 January 2023

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  • Introduced in House (text)

    Introduced in House · EN · 26 January 2023

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  • Introduced in House (PDF)

    Introduced in House · EN · 26 January 2023

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  • Introduced in House

    summary · EN · 26 January 2023

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Sponsors

Showing 48 of 63 sponsors and actors.

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Sources

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