Credit Union Governance Modernization Act of 2020
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HR 7963 — Credit Union Governance Modernization Act of 2020
Last action — Referred to the House Committee on Financial Services.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
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.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 7963 on the official United States source →Action History
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Referred to the House Committee on Financial Services.
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Introduced in House
Sponsors
- Tom Emmer · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 7963 do?
- 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.
- Who sponsors HR 7963?
- HR 7963 is sponsored by Tom Emmer (R).
- What is the current status of HR 7963?
- This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 7963?
- Track HR 7963 free on One Click Politics — get push/email alerts when it moves.
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