H.R.6889: Credit Union Board Modernization Act

About This Bill

  • Introduced March 1, 2022
  • Latest Major Action Oct. 11, 2022

Bill Cosponsors

109 (52 Democrats, 57 Republicans)

Bill Versions

Bill Summary

Credit Union Board Modernization Act This bill revises the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires monthly meetings for new credit unions during their first five years and for credit unions with a low soundness rating. 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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 3 statements associated with H.R.6889.

Bill Actions

Date Description
Oct. 11, 2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sept. 29, 2022
Pursuant to section 10 of H. Res. 1396, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1638, as amended; H.R. 3304, as amended; H.R. 4081, as amended; H.R. 4821, as amended; H.R. 6889, as amended; H.R. 6967, as amended; H.R. 8163, as amended; H.R. 8510, as amended; H.R. 8681, as amended; H.R. 8875, as amended; H.R. 8956; S. 1198; and agree to the Senate amendments to H.R. 5641.
Sept. 29, 2022
Pursuant to the provisions of H. Res. 1396, proceedings on H.R. 6889 are considered vacated.
Sept. 29, 2022
The title of the measure was amended. Agreed to without objection.
Sept. 28, 2022
Considered under suspension of the rules.
Sept. 28, 2022
Considered under suspension of the rules. (consideration: CR H8157-8158; text: CR H8157-8158)
Sept. 28, 2022
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Sept. 28, 2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 6889.
Sept. 28, 2022
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Sept. 28, 2022
Placed on the Union Calendar, Calendar No. 386.
Sept. 28, 2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-517.
July 27, 2022
Ordered to be Reported (Amended) by Voice Vote.
July 27, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
July 27, 2022
Committee Consideration and Mark-up Session Held.
March 1, 2022
Referred to the House Committee on Financial Services.
March 1, 2022

Introduced in the House by Juan Vargas (D-Calif.)

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