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House bill · H.R. 975 (119th Congress)

Credit Union Board Modernization Act

U.S. House of Representatives

Latest action Feb 11, 2025

Sponsor: Juan Vargas (U.S. Representative, CA-52, Democratic)

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From Congress.gov and official rosters. This record was last updated Aug 1, 2026. About our data

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

22

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic11
  • Republican11

This bill has cosponsors from more than one party.

Shown in neutral colors by design; Agora is non-partisan.

Show the full list (22 names)

Related bills

As identified by Congress.gov.

Full history

  1. Feb 11, 2025

    Sent to the executive

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    U.S. Senate

  2. Feb 11, 2025

    In committee

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    U.S. House

  3. Feb 10, 2025

    Considered Under Suspension of the rules. (consideration: cr H601-603)

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

  4. Feb 10, 2025

    Considered Under Suspension of the rules. (consideration: cr H601-603)

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

  5. Feb 10, 2025

    Considered Under Suspension of the rules. (consideration: cr H601-603)

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

Show full history (8 earlier events)
  1. Feb 10, 2025

    Debate - the House Proceeded With Forty Minutes of Debate on H.R. 975.

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

    U.S. House of Representatives

  2. Feb 10, 2025

    Passed a chamber

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

  3. Feb 10, 2025

    Passed a chamber

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

  4. Feb 10, 2025

    Passed a chamber

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

  5. Feb 10, 2025

    Passed a chamber

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

    U.S. House of Representatives

  6. Feb 7, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  7. Feb 4, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  8. Feb 4, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

Read the record