The record
Legislation· Feb 2025
Legislation· Feb 2025HR 975 Passed House — in Senate
Sponsored by Juan Vargas (D)
Credit Union Board Modernization Act
Reduces required board meetings for healthy credit unions from monthly to six times yearly.
Tradeoff
Lets well-run credit unions meet less often, cutting administrative burden. Keeps monthly meetings for new credit unions and those with low financial ratings.
What's in it
Passed the House by on February 10, 2025 — sitting in the Senate.
House
Introduced
(Feb 4, 2025)
House
Committee on Financial Services(Feb 4, 2025)
House
Passage of the bill
Passed by (Feb 10, 2025)
No individual votes were recorded.
Senate
Received from the House
on Banking, Housing, and Urban Affairs(Feb 11, 2025)
- Bill Huizenga (R-MI)
- Sean Casten (D-IL)
- Hillary J. Scholten (D-MI)
- Warren Davidson (R-OH)
- Daniel Meuser (R-PA)
- Bill Foster (D-IL)
- Young Kim (R-CA)
- Darrell Issa (R-CA)
- Russ Fulcher (R-ID)
- Salud O. Carbajal (D-CA)
- Gregory W. Meeks (D-NY)
- H. Morgan Griffith (R-VA)
- Brad Finstad (R-MN)
- Dina Titus (D-NV)
- Judy Chu (D-CA)
- Brad Sherman (D-CA)
- Jim Costa (D-CA)
- Nikema Williams (D-GA)
- Zachary Nunn (R-IA)
- William R. Timmons (R-SC)
- Scott H. Peters (D-CA)
- Frank D. Lucas (R-OK)