,,ib ,union ,calendar ,no4 #chf #aagth ,,congress #b;d ,session ,h4 ,r4 #fhhi ,report ,no4 #aag-eag ,,in ,,the ,,house ,,of ,,representatives ,march #a1 #bjbb,mr4 ,vargas 7for himself1 ,ms4 ,porter1 ,mr4 ,aguilar1 ,ms4 ,roybal-,allard1 ,ms4 ,titus1 ,mr4 ,case1 ,mr4 ,kahele1 ,ms4 ,brownley1 ,mr4 ,gonzalez of ,ohio1 ,mr4 ,sessions1 ,mr4 ,amodei1 ,mr4 ,timmons1 ,mr4 ,moore of ,utah1 ,mr4 ,mooney1 ,mr4 ,budd1 ,mrs4 ,miller of ,illinois1 ,mr4 ,fitzpatrick1 ,mr4 ,davidson1 and ,mr4 ,johnson of ,louisiana7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,september #bh1 #bjbb;,additional sponsors3 ,ms4 ,snchez1 ,ms4 ,bonamici1 ,mr4 ,swalwell1 ,mrs4 ,torres of ,california1 ,mr4 ,carbajal1 ,mr4 ,cohen1 ,mr4 ,norman1 ,mr4 ,issa1 ,mr4 ,la,malfa1 ,mr4 ,babin1 ,ms4 ,mace1 ,mr4 ,wilson of ,south ,carolina1 ,mr4 ,barr1 ,mr4 ,calvert1 ,mr4 ,rodney ,davis of ,illinois1 ,ms4 ,craig1 ,ms4 ,norton1 ,mr4 ,feenstra1 ,mrs4 ,mc,clain1 ,mr4 ,moore of ,alabama1 ,mr4 ,garbarino1 ,mr4 ,garamendi1 ,mr4 ,huffman1 ,ms4 ,adams1 ,mr4 ,panetta1 ,mr4 ,david ,scott of ,georgia1 ,mr4 ,costa1 ,ms4 ,eshoo1 ,mr4 ,lowenthal1 ,mr4 ,sherman1 ,mr4 ,cooper1 ,mr4 ,loudermilk1 ,mr4 ,valadao1 ,mrs4 ,hinson1 ,mr4 ,grothman1 ,mr4 ,levin of ,california1 ,mr4 ,peters1 ,mr4 ,crdenas1 ,mr4 ,de,saulnier1 ,mrs4 ,kim of ,california1 ,mrs4 ,walorski1 ,mr4 ,schiff1 ,mr4 ,horsford1 ,mr4 ,kildee1 ,mr4 ,rutherford1 ,mr4 ,obernolte1 ,mr4 ,evans1 ,mr4 ,neguse1 ,mr4 ,bishop of ,georgia1 ,mr4 ,emmer1 ,mr4 ,bilirakis1 ,mr4 ,carl1 ,mr4 ,kelly of ,mississippi1 ,mr4 ,burchett1 ,mr4 ,lieu1 ,ms4 ,manning1 ,mrs4 ,fischbach1 ,mr4 ,kelly of ,pennsylvania1 ,ms4 ,herrera ,beutler1 ,mr4 ,kustoff1 ,mr4 ,armstrong1 ,mr4 ,blumenauer1 ,mr4 ,casten1 ,mrs4 ,lee of ,nevada1 ,ms4 ,mc,collum1 ,mr4 ,san ,nicolas1 ,mr4 ,phillips1 ,ms4 ,chu1 ,mr4 ,posey1 ,mr4 ,huizenga1 ,mr4 ,mc,kinley1 ,mr4 ,bentz1 ,ms4 ,davids of ,kansas1 ,mr4 ,la,turner1 ,mr4 ,griffith1 ,mr4 ,mann1 ,mr4 ,stauber1 ,mrs4 ,miller-,meeks1 ,mrs4 ,steel1 ,mrs4 ,bice of ,oklahoma1 ,mr4 ,johnson of ,south ,dakota1 ,ms4 ,wild1 ,mr4 ,lamborn1 ,mr4 ,larsen of ,washington1 ,ms4 ,williams of ,georgia1 ,ms4 ,bourdeaux1 ,mr4 ,crow1 ,mrs4 ,luria1 ,mr4 ,kilmer1 ,mr4 ,finstad1 and ,mr4 ,fulcher ,september #bh1 #bjbb,reported with amendments1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed,strike out all after the enacting clause and insert the part printed in italic,for text of introduced bill1 see copy of bill as introduced on ,march #a1 #bjbb ,a ,,bill ,to mend the ,federal ,credit ,union ,act to modify the frequency of board of directors meetings1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,credit ,union ,board ,modernization ,act4 #b4 ,frequency of board of directors meetings ,section #aac of the ,federal ,credit ,union ,act 7#ab ,u4,s4,c4 #agfa;b7 is amended-- 7#a7 by striking monthly each place such term appears2 7#b7 in the matter preceding paragraph 7#a71 by striking ,the board of directors and inserting the following3 7a7 ,in general ,the board of directors 2 7#c7 in subsection 7a7 7as so designated71 by striking shall meet at least once a month and2 and 7#d7 by adding at the end the following3 7b7 ,meetings ,the board of directors of a ,federal credit union shall meet as follows3 7#a7 ,with respect to a de novo ,federal credit union1 not less frequently than monthly during each of the first five years of the existence of such ,federal credit union4 7#b7 ,not less than six times annually1 with at least one meeting held during each fiscal quarter1 with respect to a ,federal credit union-- 7,a7 with composite rating of either #a or #b under the ,uniform ,financial ,institutions ,rating ,system 7or an equivalent rating under a comparable rating system72 and 7,b7 with a capability of management rating under such composite rating of either #a or #b4 7#c7 ,not less frequently than once a month1 with respect to a ,federal credit union-- 7,a7 with composite rating of either #c1 #d1 or #e under the ,uniform ,financial ,institutions ,rating ,system 7or an equivalent rating under a comparable rating system72 or 7,b7 with a capability of management rating under such composite rating of either #c1 #d1 or #e4 4 ,amend the title so as to read3 ,a bill to amend the ,federal ,credit ,union ,act to modify the frequency of board of directors meetings1 and for other purposes44 ,september #bh1 #bjbb,reported with amendments1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed