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118th Congress Finance and Financial Sector

H.R. 582: Credit Union Board Modernization Act

Passed HouseJan 30, 2023

  1. Introduced (completed)Jan 26, 2023
  2. Passed House (completed)Jan 30, 2023
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Passed House, Jan 30, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

60

Bipartisan support.

Who scored on this bill

288 points earned
  1. 1Juan Vargas D-CA SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone, passed House5 events+48
  2. 2Alma Adams D-NCCosponsored; cosponsored bill passed2 events+4
  3. 2Gus Bilirakis R-FLCosponsored; cosponsored bill passed2 events+4
  4. 2Sanford Bishop D-GACosponsored; cosponsored bill passed2 events+4
  5. 2Earl Blumenauer D-ORCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Juan Vargas

History

  1. Jan 30, 2023Passed the House by voice vote.
  2. Jan 26, 2023Introduced in the House by Juan Vargas.
Show the full action history (9 actions)
  1. Jan 31, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jan 30, 2023Mr. McHenry moved to suspend the rules and pass the bill.
  3. Jan 30, 2023Considered under suspension of the rules. (consideration: CR H501-502)
  4. Jan 30, 2023DEBATE - The House proceeded with forty minutes of debate on H.R. 582.
  5. Jan 30, 2023Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
  6. Jan 30, 2023On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H501)
  7. Jan 30, 2023Motion to reconsider laid on the table Agreed to without objection.
  8. Jan 26, 2023Introduced in House
  9. Jan 26, 2023Referred to the House Committee on Financial Services.