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H.R. 6889: Credit Union Board Modernization Act

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H.R. 6889: Credit Union Board Modernization Act

117th Congress · introduced 2022-03-01 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2022-03-01 · official record
  2. Who proposed it: Rep. Vargas, Juan [D-CA-51] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Credit Union Board Modernization Act

Plain summary

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.

Congressional Research Service summary (Passed House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Credit Union Board Modernization Act

Source: Congressional Research Service summary (Passed House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Vargas, Juan [D-CA-51] · 109 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Pete Aguilar (D-CA), Dina Titus (D-NV), Ed Case (D-HI), Julia Brownley (D-CA), Pete Sessions (R-TX), Mark E. Amodei (R-NV), William R. Timmons IV (R-SC), Blake D. Moore (R-UT), Ted Budd (R-NC), Mary E. Miller (R-IL), Brian K. Fitzpatrick (R-PA), Warren Davidson (R-OH), Mike Johnson (R-LA), Linda T. Sánchez (D-CA), Suzanne Bonamici (D-OR), Norma J. Torres (D-CA), Salud O. Carbajal (D-CA), Steve Cohen (D-TN), Ralph Norman (R-SC), Darrell Issa (R-CA), Brian Babin (R-TX), Nancy Mace (R-SC), Joe Wilson (R-SC), Andy Barr (R-KY), Ken Calvert (R-CA), Angie Craig (D-MN), Eleanor Holmes Norton (D-DC), Randy Feenstra (R-IA), Lisa C. McClain (R-MI), Barry Moore (R-AL), Andrew R. Garbarino (R-NY), John Garamendi (D-CA), Jared Huffman (D-CA), Alma S. Adams (D-NC), Jimmy Panetta (D-CA), Jim Costa (D-CA), Brad Sherman (D-CA), Barry Loudermilk (R-GA), David G. Valadao (R-CA), Ashley Hinson (R-IA), Glenn Grothman (R-WI), Mike Levin (D-CA), Scott H. Peters (D-CA), Mark DeSaulnier (D-CA), Young Kim (R-CA), Adam B. Schiff (D-CA) and 49 more.

Sponsor's campaign money: Rep. Vargas, Juan [D-CA-51] reported raising $836,097 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr6889 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117