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     &lt;p&gt;&lt;b&gt;Credit Union Governance Modernization Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill revises the procedure for expelling members from a federal credit union. Specifically, a member may be expelled for cause pursuant to a policy adopted by a majority vote of a quorum of the directors of a credit union. Currently, a member may be expelled by a two-thirds vote of the credit union membership present at a special meeting. &lt;/p&gt; &lt;p&gt;The member may request a hearing from the board of directors. After the hearing, the board shall hold a vote on expelling the member.&lt;/p&gt; &lt;p&gt;The expelled member may request reinstatement through a two-thirds vote of the members present at a meeting. &lt;/p&gt; &lt;p&gt;Member conduct that may be cause for expulsion includes&lt;/p&gt; &lt;ul&gt; &lt;li&gt;a material loss to the credit union, &lt;/li&gt; &lt;li&gt;a violation of the credit union membership agreement, &lt;/li&gt; &lt;li&gt;a substantial disruption to the operations of a credit union, &lt;/li&gt; &lt;li&gt;fraud or attempted fraud, and &lt;/li&gt; &lt;li&gt;other illegal or inappropriate behavior.&lt;/li&gt; &lt;/ul&gt;
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2021-11-16
Financial Services Committee
hsba00
1
House committee actions
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Committee
2021-11-16
Financial Services Committee
hsba00
1
House committee actions
Committee Consideration and Mark-up Session Held.
Committee
H11100
2021-04-01
Financial Services Committee
hsba00
2
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Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-04-01
9
Library of Congress
Introduced in House
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1000
2021-04-01
9
Library of Congress
Introduced in House
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As ordered reported by the House Committee on Financial Services on November 16, 2021
2022-02-09T21:17:00Z
H.R. 2311, Credit Union Governance Modernization Act of 2021
https://www.cbo.gov/publication/57838
2021-11-16T14:21:17Z
Markup by
2021-04-01T13:00:25Z
Referred to
House
Financial Services Committee
hsba00
Standing
P000593
7
Ed
Rep. Perlmutter, Ed [D-CO-7]
Perlmutter
D
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CO
F000449
1
Jeff
Rep. Fortenberry, Jeff [R-NE-1]
Fortenberry
R
2021-09-21
NE
D000630
19
Antonio
Rep. Delgado, Antonio [D-NY-19]
Delgado
D
2021-09-21
NY
P000616
3
Dean
Rep. Phillips, Dean [D-MN-3]
Phillips
D
2021-10-08
MN
S000250
17
PETE
Rep. Sessions, Pete [R-TX-17]
SESSIONS
R
2021-11-16
TX
L000590
3
Susie
Rep. Lee, Susie [D-NV-3]
Lee
D
2021-11-17
NV
A000369
2
Mark
Rep. Amodei, Mark E. [R-NV-2]
Amodei
E.
R
2022-02-25
NV
T000486
15
Ritchie
Rep. Torres, Ritchie [D-NY-15]
Torres
D
2022-02-28
NY
S001156
38
Linda
Rep. Sánchez, Linda T. [D-CA-38]
Sánchez
T.
D
2022-02-28
CA
R000612
6
John
Rep. Rose, John W. [R-TN-6]
Rose
W.
R
2022-03-02
TN
B001278
1
Suzanne
Rep. Bonamici, Suzanne [D-OR-1]
Bonamici
D
2022-03-03
OR
W000809
3
Steve
Rep. Womack, Steve [R-AR-3]
Womack
R
2022-03-03
AR
C001087
1
Eric
Rep. Crawford, Eric A. "Rick" [R-AR-1]
Crawford
A. "Rick"
R
2022-03-07
AR
M001206
25
Joseph
Rep. Morelle, Joseph D. [D-NY-25]
Morelle
D.
D
2022-03-09
NY
H001056
3
Jaime
Rep. Herrera Beutler, Jaime [R-WA-3]
Herrera Beutler
R
2022-03-09
WA
S001212
8
Pete
Rep. Stauber, Pete [R-MN-8]
Stauber
R
2022-03-15
MN
B001298
2
Don
Rep. Bacon, Don [R-NE-2]
Bacon
R
2022-03-21
NE
C000059
42
KEN
Rep. Calvert, Ken [R-CA-42]
CALVERT
R
2022-03-24
CA
L000560
2
RICK
Rep. Larsen, Rick [D-WA-2]
LARSEN
D
2022-04-11
WA
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-04-01
2021-11-16
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
House
Finance and Financial Sector
2021-05-20
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS
Related bill
Credit Union Employee and Member Safety Act of 2021
S
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
N
Emmer
R
MN
Administrative remedies Bank accounts, deposits, capital Banking and financial institutions regulation Fraud offenses and financial crimes
2021-04-01
Introduced in House
 <p><b>Credit Union Governance Modernization Act of 2021</b></p> <p>This bill revises the procedure for expelling members from a federal credit union. Specifically, a member may be expelled for cause pursuant to a policy adopted by a majority vote of a quorum of the directors of a credit union. Currently, a member may be expelled by a two-thirds vote of the credit union membership present at a special meeting. </p> <p>The member may request a hearing from the board of directors. After the hearing, the board shall hold a vote on expelling the member.</p> <p>The expelled member may request reinstatement through a two-thirds vote of the members present at a meeting. </p> <p>Member conduct that may be cause for expulsion includes</p> <ul> <li>a material loss to the credit union, </li> <li>a violation of the credit union membership agreement, </li> <li>a substantial disruption to the operations of a credit union, </li> <li>fraud or attempted fraud, and </li> <li>other illegal or inappropriate behavior.</li> </ul>
2021-09-15T18:32:46Z
00
2021-04-01T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2311ih/xml/BILLS-117hr2311ih.xml
Credit Union Governance Modernization Act of 2021
Credit Union Governance Modernization Act of 2021
Display Title
IH
Introduced in House
To amend the Federal Credit Union Act to modernize certain processes regarding expulsion of credit union members for cause, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Credit Union Governance Modernization Act of 2021
Short Title(s) as Introduced
HR
2023-03-08T19:58:39Z
2023-03-08T19:58:39Z
3.0.0
2021-05-20
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS
Related bill
Credit Union Employee and Member Safety Act of 2021
S
2021-11-16
Financial Services Committee
hsba00
1
House committee actions
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
Committee
2021-11-16
Financial Services Committee
hsba00
1
House committee actions
Committee Consideration and Mark-up Session Held.
Committee
H11100
2021-04-01
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-04-01
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-01
9
Library of Congress
Introduced in House
IntroReferral
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
N
Emmer
R
MN
P000593
7
Ed
Rep. Perlmutter, Ed [D-CO-7]
Perlmutter
D
2021-04-01
CO
F000449
1
Jeff
Rep. Fortenberry, Jeff [R-NE-1]
Fortenberry
R
2021-09-21
NE
D000630
19
Antonio
Rep. Delgado, Antonio [D-NY-19]
Delgado
D
2021-09-21
NY
P000616
3
Dean
Rep. Phillips, Dean [D-MN-3]
Phillips
D
2021-10-08
MN
S000250
17
PETE
Rep. Sessions, Pete [R-TX-17]
SESSIONS
R
2021-11-16
TX
L000590
3
Susie
Rep. Lee, Susie [D-NV-3]
Lee
D
2021-11-17
NV
A000369
2
Mark
Rep. Amodei, Mark E. [R-NV-2]
Amodei
E.
R
2022-02-25
NV
T000486
15
Ritchie
Rep. Torres, Ritchie [D-NY-15]
Torres
D
2022-02-28
NY
S001156
38
Linda
Rep. Sánchez, Linda T. [D-CA-38]
Sánchez
T.
D
2022-02-28
CA
R000612
6
John
Rep. Rose, John W. [R-TN-6]
Rose
W.
R
2022-03-02
TN
B001278
1
Suzanne
Rep. Bonamici, Suzanne [D-OR-1]
Bonamici
D
2022-03-03
OR
W000809
3
Steve
Rep. Womack, Steve [R-AR-3]
Womack
R
2022-03-03
AR
C001087
1
Eric
Rep. Crawford, Eric A. "Rick" [R-AR-1]
Crawford
A. "Rick"
R
2022-03-07
AR
M001206
25
Joseph
Rep. Morelle, Joseph D. [D-NY-25]
Morelle
D.
D
2022-03-09
NY
H001056
3
Jaime
Rep. Herrera Beutler, Jaime [R-WA-3]
Herrera Beutler
R
2022-03-09
WA
S001212
8
Pete
Rep. Stauber, Pete [R-MN-8]
Stauber
R
2022-03-15
MN
B001298
2
Don
Rep. Bacon, Don [R-NE-2]
Bacon
R
2022-03-21
NE
C000059
42
KEN
Rep. Calvert, Ken [R-CA-42]
CALVERT
R
2022-03-24
CA
L000560
2
RICK
Rep. Larsen, Rick [D-WA-2]
LARSEN
D
2022-04-11
WA
Administrative remedies Bank accounts, deposits, capital Banking and financial institutions regulation Fraud offenses and financial crimes
2021-04-01
Introduced in House
 <p><b>Credit Union Governance Modernization Act of 2021</b></p> <p>This bill revises the procedure for expelling members from a federal credit union. Specifically, a member may be expelled for cause pursuant to a policy adopted by a majority vote of a quorum of the directors of a credit union. Currently, a member may be expelled by a two-thirds vote of the credit union membership present at a special meeting. </p> <p>The member may request a hearing from the board of directors. After the hearing, the board shall hold a vote on expelling the member.</p> <p>The expelled member may request reinstatement through a two-thirds vote of the members present at a meeting. </p> <p>Member conduct that may be cause for expulsion includes</p> <ul> <li>a material loss to the credit union, </li> <li>a violation of the credit union membership agreement, </li> <li>a substantial disruption to the operations of a credit union, </li> <li>fraud or attempted fraud, and </li> <li>other illegal or inappropriate behavior.</li> </ul>
2021-09-15T18:32:46Z
00
Credit Union Governance Modernization Act of 2021
Credit Union Governance Modernization Act of 2021
Display Title
IH
Introduced in House
To amend the Federal Credit Union Act to modernize certain processes regarding expulsion of credit union members for cause, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Credit Union Governance Modernization Act of 2021
Short Title(s) as Introduced
2021-11-16
Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.