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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

11 February 2025 · 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. Casten, Sean [D-IL-6], Rep. Scholten, Hillary J. [D-MI-3], Rep. Davidson, Warren [R-OH-8], Rep. Meuser, Daniel [R-PA-9], Rep. Foster, Bill [D-IL-11], Rep. Kim, Young [R-CA-40], Rep. Issa, Darrell [R-CA-48], Rep. Fulcher, Russ [R-ID-1], Rep. Carbajal, Salud O. [D-CA-24], Rep. Meeks, Gregory W. [D-NY-5], Rep. Griffith, H. Morgan [R-VA-9], Rep. Finstad, Brad [R-MN-1], Rep. Titus, Dina [D-NV-1], Rep. Chu, Judy [D-CA-28], Rep. Sherman, Brad [D-CA-32], Rep. Costa, Jim [D-CA-21], Rep. Williams, Nikema [D-GA-5], Rep. Nunn, Zachary [R-IA-3], Rep. Timmons, William R. [R-SC-4], Rep. Peters, Scott H. [D-CA-50], Rep. Lucas, Frank D. [R-OK-3]

Subjects

Taxation

Source updated

17 July 2026

Taxation

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.

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

Timeline

  1. 4 February 2025

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 4 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 10 February 2025

    Passed

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

    Source: Floor

  5. 10 February 2025

    Passed

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)

    Source: Floor

  6. 10 February 2025

    Floor

    Mr. Hill (AR) moved to suspend the rules and pass the bill.

    Source: Floor

  7. 10 February 2025

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H601-602)

    Source: Floor

  8. 10 February 2025

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 975.

    Source: Floor

  9. 10 February 2025

    Floor

    Considered under suspension of the rules. (consideration: CR H601-603)

    Source: Floor

  10. 11 February 2025

    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

No version snapshots stored. Document URLs remain at the source.

Documents

4 official files

Referred in Senate

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  • Referred in Senate

    Referred in Senate · EN · 11 February 2025

    ViewDownloadOpen at official source

  • Engrossed in House

    Engrossed in House · EN · 10 February 2025

    ViewDownloadOpen at official source

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  • Introduced in House

    Introduced in House · EN · 4 February 2025

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  • Introduced in House

    summary · EN · 4 February 2025

    Open at official source

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Sponsors

Related records

Sources

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