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H.R. 9900House119th Congress (2025-2027)In Committee

Privately Insured Credit Unions Conversion Modernization Act

Sponsored by Warren DavidsonRep. Warren Davidson (R-OH)
Introduced July 23, 2026

AI-Generated Summary

Updated July 30, 2026 at 2:11 AM UTC

The Privately Insured Credit Unions Conversion Modernization Act updates the Federal Credit Union Act’s rules for converting privately insured credit unions. It removes the 20% member‑participation threshold for conversion votes and extends the minimum voting period to 90 days, giving members more time to consider the change.

Key Provisions

  • Eliminates the rule that at least 20% of a credit union’s members must vote on a conversion.
  • Changes the required time frame for a conversion vote from a range of 7‑30 days to a minimum of 90 days.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

July 23, 2026

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HouseIntro Referral

Introduced in House

July 23, 2026

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

July 23, 2026

Bill Text

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Introduced in HouseIssued July 23, 2026

I

119th CONGRESS

2d Session

H. R. 9900

IN THE HOUSE OF REPRESENTATIVES

July 23, 2026

Mr. Davidson introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Credit Union Act with respect to conversion modernization for privately insured credit unions.

1.

Short title

This Act may be cited as the Privately Insured Credit Unions Conversion Modernization Act.

2.

Conversion modernization for privately 6 insured credit unions

Section 206(d)(2) of the Federal Credit Union Act (12 U.S.C. 1786(d)(2)) is amended—

(1)

in the first sentence, by striking in a vote in which at least 20 per centum of the total membership of the credit union participates; and

(2)

in the second sentence, by striking not more than thirty nor less than seven days and inserting not less than 90 days.