H.R. 5981 · 116th Congress
Credit Union Board Modernization Act
- Stage
- In committee
- Sponsor
- Katie Porter
- Introduced
- 2020-02-26
- Latest action
- 2020-02-26 · Introduced in House
Summary
Credit Union Board Modernization Act
This bill reduces the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires at least six meetings annually, with at least one meeting held during each fiscal quarter. Currently, boards must meet at least once a month.