The record

LegislationLegislation· Jan 2023
HR 582

Sponsored by Juan Vargas (D)

Credit Union Board Modernization Act

Would have let stronger credit unions cut board meetings to six a year, one per quarter.

Tradeoff

Would have ended the monthly board meeting rule for healthier credit unions. Would have kept monthly meetings for new and lower-rated credit unions.

What's in it

See official bill text

The House passed this bill by on January 30, 2023. The Senate never voted on it, and the bill expired with the 118th Congress.

  1. House

    Introduced

    (Jan 26, 2023)

  2. House

    Committee on Financial Services(Jan 26, 2023)

  3. House

    Passage of the bill

    Passed by (Jan 30, 2023)

    No individual votes were recorded.

  4. Senate

    Received from the House

    on Banking, Housing, and Urban Affairs(Jan 31, 2023)