Privately Insured Credit Unions Conversion Modernization Act
The source supplies the latest action, but no lifecycle stage.
Latest action (23 Jul 2026): Referred to the House Committee on Financial Services.
What this bill does
This bill, the Privately Insured Credit Unions Conversion Modernization Act, would amend the Federal Credit Union Act. Specifically, it would change two requirements related to conversions for privately insured credit unions. The bill proposes to remove a requirement that at least 20% of a credit union's total membership must participate in a vote. It also proposes to change the notice period for such a vote from a range of seven to thirty days to a minimum of 90 days.
The legislation directly affects privately insured credit unions and their members by altering the rules for conversion votes. It seeks to modernize the process of conversion for these institutions.
This bill was introduced in the House of Representatives on July 23, 2026, and has been referred to the Committee on Financial Services. It is currently in the early stages of the legislative process.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
23 Jul 2026
Referred to the House Committee on Financial Services.
Common questions
- What does H.R. 9900 do?
- This bill, the Privately Insured Credit Unions Conversion Modernization Act, would amend the Federal Credit Union Act. Specifically, it would change two requirements related to conversions for privately insured credit unions. The bill proposes to remove a requirement that at least 20% of a credit union's total membership must participate in a vote. It also proposes to change the notice period for such a vote from a range of seven to thirty days to a minimum of 90 days. The legislation directly affects privately insured credit unions and their members by altering the rules for conversion votes. It seeks to modernize the process of conversion for these institutions. This bill was introduced in the House of Representatives on July 23, 2026, and has been referred to the Committee on Financial Services. It is currently in the early stages of the legislative process.
- Has H.R. 9900 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 9900. Check the latest action and official source below.
- Who sponsored H.R. 9900?
- H.R. 9900 was sponsored by Rep. Davidson, Warren [R-OH-8] (R-OH), with 1 cosponsor.
- What's the latest action on H.R. 9900?
- Referred to the House Committee on Financial Services. (23 Jul 2026).
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