H.R. 9900

Privately Insured Credit Unions Conversion Modernization Act

Latest
Raw Text PDF XML

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.