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United States · Bill · HR

H.R. 975 (119th)

Credit Union Board Modernization Act

referredUnited States· United States Congress· EN

Introduced

4 February 2025

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

17 July 2026

Summary

Credit Union Board Modernization Act This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.

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Documents

4 official files

Referred in Senate

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