House Bill 6889
117th Congress(2021-2022)
Credit Union Board Modernization Act
Active
Active
Passed House on Sep 29, 2022
Overview
Text
Introduced
Mar 1, 2022
Latest Action
Oct 11, 2022
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6889
Congress
117
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
California
Colorado
Colorado
Colorado
District of Columbia
Florida
Hawaii
Illinois
Illinois
Illinois
Alabama
Kentucky
Louisiana
Michigan
Michigan
Minnesota
Minnesota
Minnesota
Minnesota
Minnesota
Mississippi
Nevada
North Carolina
North Carolina
North Carolina
North Dakota
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
South Carolina
South Carolina
South Carolina
South Carolina
South Dakota
Tennessee
Tennessee
Tennessee
Tennessee
Virginia
Washington
Washington
West Virginia
West Virginia
House Votes (1)
Senate Votes (0)
Passed on September 29, 2022
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: 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.
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 boards must meet at least once a month.

Text (4)
October 11, 2022
September 29, 2022
September 28, 2022
March 1, 2022
Actions (15)
10/11/2022
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
09/29/2022
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.
09/29/2022
Passed/agreed to in House: 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.
09/29/2022
Pursuant to the provisions of H. Res. 1396, proceedings on H.R. 6889 are considered vacated.
09/29/2022
The title of the measure was amended. Agreed to without objection.
09/28/2022
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.
09/28/2022
DEBATE - The House proceeded with forty minutes of debate on H.R. 6889.
09/28/2022
Considered under suspension of the rules. (consideration: CR H8157-8158; text: CR H8157-8158)
09/28/2022
Ms. Waters moved to suspend the rules and pass the bill, as amended.
09/28/2022
Placed on the Union Calendar, Calendar No. 386.
09/28/2022
Reported (Amended) by the Committee on Financial Services. H. Rept. 117-517.
07/27/2022
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
07/27/2022
Committee Consideration and Mark-up Session Held.
03/01/2022
Referred to the House Committee on Financial Services.
03/01/2022
Introduced in House
Public Record
Record Updated
Dec 29, 2022 5:17:04 PM