# 119-s-4808: Privately Insured Credit Unions Conversion Modernization Act

119-s-4808, Privately Insured Credit Unions Conversion Modernization Act, is a 119th Congress bill sponsored by Sen. Cortez Masto, Catherine [D-NV] (D-NV); status introduced; PRIA reads it as touching household money (as of 2026-08-19).

- Canonical: https://policyrisk.com/legislation/119-s-4808
- As of: 2026-08-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4808
- Congress: 119
- Title: Privately Insured Credit Unions Conversion Modernization Act
- Status: introduced
- Introduced: 2026-06-17
- Sponsor: Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-19

## Summary

**Eases conversions for privately insured credit unions by removing a voter turnout floor and lengthening the required notice period.** This bill would strike the statutory 20 percent member participation requirement for conversion votes and replace the prior 7 to 30 day voting window with a minimum 90 day period, changing the timing and voting rules that apply to privately insured credit unions.

## Cosponsors (1)

- Sen. Moreno, Bernie [R-OH] (R-OH), 2026-06-17T00:00:00.000Z

## Provisions PRIA read

- Changes to private credit union conversions: mixed, low. This bill would change how privately insured credit unions handle conversions. It would remove the rule that a conversion vote must have at least 20% member participation. It would replace the prior 7–30 day timing window with a required minimum 90-day period. These changes would apply only to cred…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-2255: Trafficking Survivors Relief Act of 2025
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-1498: Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act
- 119-s-237: Honoring Our Fallen Heroes Act of 2025

## Sources
- [119-s-4808 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4808)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-2255: Trafficking Survivors Relief Act of 2025](https://policyrisk.com/legislation/119-s-2255)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-1498: Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act](https://policyrisk.com/legislation/119-s-1498)
- [119-s-237: Honoring Our Fallen Heroes Act of 2025](https://policyrisk.com/legislation/119-s-237)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4808 (as of 2026-08-19).