Bill Sponsor
House Bill 582
118th Congress(2023-2024)
Credit Union Board Modernization Act
Active
Active
Passed House on Jan 30, 2023
Overview
Text
Introduced
Jan 26, 2023
Latest Action
Jan 31, 2023
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
582
Congress
118
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
Democrat
California
Republican
Alabama
Democrat
California
Republican
California
Democrat
California
Republican
California
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Democrat
California
Republican
California
Republican
Florida
Democrat
Illinois
Democrat
Illinois
Democrat
Michigan
Republican
Michigan
Republican
Michigan
Democrat
Minnesota
Republican
Minnesota
Republican
Minnesota
Republican
Montana
Democrat
New York
Democrat
North Carolina
Democrat
Pennsylvania
Republican
South Carolina
Republican
South Carolina
Republican
Tennessee
Republican
Tennessee
Republican
Tennessee
Republican
Tennessee
Democrat
Tennessee
Republican
Tennessee
Democrat
Washington
Republican
West Virginia
House Votes (1)
Senate Votes (0)
checkPassed on January 30, 2023
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: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H501)
Summary

Credit Union Board Modernization Act

This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. 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 (3)
January 31, 2023
January 30, 2023
January 26, 2023
Actions (9)
01/31/2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/30/2023
Motion to reconsider laid on the table Agreed to without objection.
01/30/2023
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
01/30/2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H501)
01/30/2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 582.
01/30/2023
Considered under suspension of the rules. (consideration: CR H501-502)
01/30/2023
Mr. McHenry moved to suspend the rules and pass the bill.
01/26/2023
Referred to the House Committee on Financial Services.
01/26/2023
Introduced in House
Public Record
Record Updated
Feb 16, 2024 3:28:31 PM