# 116-hr-5981: Credit Union Board Modernization Act

116-hr-5981, Credit Union Board Modernization Act, is a 116th Congress bill sponsored by Rep. Porter, Katie [D-CA-47] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5981
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5981
- Congress: 116
- Title: Credit Union Board Modernization Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-02-26
- Sponsor: Rep. Porter, Katie [D-CA-47] (D-CA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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.

## Cosponsors (1)

- Rep. Amodei, Mark E. [R-NV-2] (R-NV), 2020-02-26T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-7057: U.C.S. ME/CFS Act
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act
- 116-hr-2420: National Museum of the American Latino Act
- 116-hr-2382: USPS Fairness Act
- 116-hr-1980: Smithsonian Women’s History Museum Act

## Sources
- [116-hr-5981 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5981)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-7057: U.C.S. ME/CFS Act](https://policyrisk.com/legislation/116-hr-7057)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [116-hr-2420: National Museum of the American Latino Act](https://policyrisk.com/legislation/116-hr-2420)
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [116-hr-1980: Smithsonian Women’s History Museum Act](https://policyrisk.com/legislation/116-hr-1980)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5981 (as of 2025-11-18).