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- H.R.5981
H.R.5981: Credit Union Board Modernization Act
About This Bill
- Introduced Feb. 26, 2020
- Latest Major Action Feb. 26, 2020
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Feb. 26, 2020
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 26, 2020 |
Referred to the House Committee on Financial Services.
|
Feb. 26, 2020 |
Introduced in the House by Katie Porter (D-Calif.) |