H.R. 6889 · 117th Congress · 2021–2022
Credit Union Board Modernization Act
H.R. 6889 in the 117th Congress (2021–2022) has passed the house — introduced on Mar 1, 2022, sponsored by Juan Vargas with 109 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Passed the House
- Introduced
- Mar 1, 2022
- Co-sponsors
- 109
- Policy area
- Finance and Financial Sector
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Juan Vargas (D-CA). Co-sponsors: 52 Democrats, 57 Republicans.
Where it stands
- IntroducedMar 1, 2022
- Passed the HouseSep 29, 2022
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Oct 11, 2022)
Other Finance and Financial Sector bills in the 117th Congress
- S.J.Res. 15: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- S. 409: A bill to provide for the availability of amounts for customer education initiatives and…
- S. 3823: Bankruptcy Threshold Adjustment and Technical Corrections Act
- H.R. 1057: Greatest Generation Commemorative Coin Act
- H.R. 1842: Harriet Tubman Bicentennial Commemorative Coin Act
- H.R. 503: Woman on the Twenty Act of 2021
- S. 697: Harriet Tubman Bicentennial Commemorative Coin Act
- S. 1596: Greatest Generation Memorial Act
- H.R. 1648: National Women’s Hall of Fame Commemorative Coin Act of 2021
- H.R. 1996: SAFE Banking Act of 2021
Committees
- Banking, Housing, and Urban Affairs Committee
- Financial Services Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 6889 (117th Congress): Credit Union Board Modernization Act,” https://www.capitolreceipts.com/bill/117-hr-6889/credit-union-board-modernization-act (accessed 2026-10-16).