,,ii #aafth ,,congress #b;d ,session ,s4 #ccbf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #bd1 #bjbj,mr4 ,tillis 7for himself and ,mr4 ,burr7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,federal ,credit ,union ,act to remove outdated responsibilities of boards of directors of ,federal credit unions4 #a4 ,short title ,this ,act may be cited as the ,credit ,union ,modernization ,act of #bjai4 #b4 ,duties of boards of directors of ,federal credit unions ,the ,federal ,credit ,union ,act 7#ab ,u4,s4,c4 #agea et seq47 is amended-- 7#a7 in section #aaa7;b7 7#ab ,u4,s4,c4 #agfa7;b771 in the second sentence1 by striking credit committee1 and loan officers and inserting and credit committee2 and 7#b7 in section #aac 7#ab ,u4,s4,c4 #agfa;b7-- 7,a7 in paragraph 7#a71 by striking act upon applications for membership or2 7,b7 in paragraph 7#h71 by striking subchapter and inserting title2 7,c7 by striking paragraph 7#aj72 and 7,d7 by striking paragraphs 7#ae7 and 7#af74