Summary: H.R.5981 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5981. Bill summaries are authored by CRS.

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Introduced in House (02/26/2020)

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.