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Main Subject: Finance and financial sector

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.

S4325-117, HRES1396-117,

Senate Actions

IntroReferral
Oct. 11 2022	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

House floor actions Actions

Floor

Sep. 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.
Pursuant to the provisions of H. Res. 1396, proceedings on H.R. 6889 are considered vacated.
The title of the measure was amended. Agreed to without objection.

Sep. 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.
DEBATE - The House proceeded with forty minutes of debate on H.R. 6889.
Considered under suspension of the rules. (consideration: CR H8157-8158; text: CR H8157-8158)
Ms. Waters moved to suspend the rules and pass the bill, as amended.

Calendars
Sep. 28 2022	Placed on the Union Calendar, Calendar No. 386.

Committee
Sep. 28 2022	Reported (Amended) by the Committee on Financial Services. H. Rept. 117-517.

IntroReferral
Mar. 01 2022	Referred to the House Committee on Financial Services.

Library of Congress Actions

Floor

Sep. 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.