# 116-hr-7963: Credit Union Governance Modernization Act of 2020

116-hr-7963, Credit Union Governance Modernization Act of 2020, is a 116th Congress bill sponsored by Rep. Emmer, Tom [R-MN-6] (R-MN); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7963
- 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-7963
- Congress: 116
- Title: Credit Union Governance Modernization Act of 2020
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-08-07
- Sponsor: Rep. Emmer, Tom [R-MN-6] (R-MN)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Credit Union Governance Modernization Act of 2020 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. The expelled member may request reinstatement by the credit union board. Member conduct that may be cause for expulsion includes a loss to the credit union, a violation of the credit union membership agreement, a disruption to the operations of a credit union, fraud or attempted fraud, and other illegal or inappropriate behavior.

## Cosponsors (2)

- Rep. Perlmutter, Ed [D-CO-7] (D-CO), 2020-08-07T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2020-12-14T00:00:00.000Z

## Related bills

- 116-hr-7265: Small Manufacturer Cybersecurity Enhancement Act
- 116-hr-5995: Major Richard Star Act
- 116-hr-4979: Rural STEM Education Act
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-4194: National Suicide Hotline Designation Act of 2019
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act

## Sources
- [116-hr-7963 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7963)

## Related
- [116-hr-7265: Small Manufacturer Cybersecurity Enhancement Act](https://policyrisk.com/legislation/116-hr-7265)
- [116-hr-5995: Major Richard Star Act](https://policyrisk.com/legislation/116-hr-5995)
- [116-hr-4979: Rural STEM Education Act](https://policyrisk.com/legislation/116-hr-4979)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-4194: National Suicide Hotline Designation Act of 2019](https://policyrisk.com/legislation/116-hr-4194)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7963 (as of 2025-11-18).