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117-hr-2311117th Congress

Credit Union Governance Modernization Act of 2021

Sponsored By: Representative Emmer, Tom [R-MN-6]

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Summary

Credit Union Governance Modernization Act of 2021 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 member may request a hearing from the board of directors. After the hearing, the board shall hold a vote on expelling the member. The expelled member may request reinstatement through a two-thirds vote of the members present at a meeting. Member conduct that may be cause for expulsion includes a material loss to the credit union, a violation of the credit union membership agreement, a substantial disruption to the operations of a credit union, fraud or attempted fraud, and other illegal or inappropriate behavior.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Emmer, Tom [R-MN-6]

MN • R

Cosponsors

  • Rep. Perlmutter, Ed [D-CO-7]

    CO • D

    Sponsored 4/1/2021

  • Rep. Fortenberry, Jeff [R-NE-1]

    NE • R

    Sponsored 9/21/2021

  • Rep. Delgado, Antonio [D-NY-19]

    NY • D

    Sponsored 9/21/2021

  • Rep. Phillips, Dean [D-MN-3]

    MN • D

    Sponsored 10/8/2021

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 11/16/2021

  • Rep. Lee, Susie [D-NV-3]

    NV • D

    Sponsored 11/17/2021

  • Rep. Amodei, Mark E. [R-NV-2]

    NV • R

    Sponsored 2/25/2022

  • Rep. Torres, Ritchie [D-NY-15]

    NY • D

    Sponsored 2/28/2022

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 2/28/2022

  • Rep. Rose, John W. [R-TN-6]

    TN • R

    Sponsored 3/2/2022

  • Rep. Bonamici, Suzanne [D-OR-1]

    OR • D

    Sponsored 3/3/2022

  • Rep. Womack, Steve [R-AR-3]

    AR • R

    Sponsored 3/3/2022

  • Rep. Crawford, Eric A. "Rick" [R-AR-1]

    AR • R

    Sponsored 3/7/2022

  • Rep. Morelle, Joseph D. [D-NY-25]

    NY • D

    Sponsored 3/9/2022

  • Rep. Herrera Beutler, Jaime [R-WA-3]

    WA • R

    Sponsored 3/9/2022

  • Rep. Stauber, Pete [R-MN-8]

    MN • R

    Sponsored 3/15/2022

  • Rep. Bacon, Don [R-NE-2]

    NE • R

    Sponsored 3/21/2022

  • Rep. Calvert, Ken [R-CA-41]

    CA • R

    Sponsored 3/24/2022

  • Rep. Larsen, Rick [D-WA-2]

    WA • D

    Sponsored 4/11/2022

Roll Call Votes

No roll call votes available for this bill.

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