,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dcbe  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bf1 #bjbb,ms4    
,s9ema 7= h]self1 ,mr4 ,hag]ty1 ,mr4    
,padilla1 & ,mr4 ,tillis7 introduc$ !   
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,to am5d !  
,f$]al ,cr$it ,union ,act to modify !   
frequ5cy ( bo>d ( directors meet+s1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,cr$it ,union ,bo>d    
,mod]nization ,act4  #b4 ,frequ5cy (    
bo>d ( directors meet+s ,section #aac ( 
! ,f$]al ,cr$it ,union ,act 7#ab        
,u4,s4,c4 #agfa;b7 is am5d$-- 7#a7 9    
p>agraph 7#ae71 by /rik+ mon?ly ea*     
place ! t]m appe>s2  7#b7 9 ! matt]     
prec$+ p>agraph 7#a71 by /rik+ ,! bo>d (
 directors %all meet at lea/ once a mon?
 & & ins]t+ ! foll[+3  7a7 ,9 g5]al ,!  
bo>d ( directors  2 &  7#c7 by add+ at !
 end ! foll[+3  7b7 ,meet+s ,! bo>d (   
directors %all meet z foll[s3 7#a7      
,except z provid$ 9 p>agraphs 7#b7 &    

7#c71 n less frequ5tly ?an #f times     
annually1 ) n few] ?an #a meet+ held    
dur+ ea* fiscal qu>t]4  7#b7 ,n less    
frequ5tly ?an mon?ly dur+ ! #e-ye> p]iod
 beg9n+ on ! date on :i* ! *>t] is      
issu$4  7#c7 ,n less frequ5tly ?an      
mon?ly ) respect to a ,f$]al cr$it union
 ) composite rat+ ( #d or #e "u ! ,uni=m
 ,f9ancial ,in/itutions ,rat+ ,sy/em 7or
 an equival5t rat+ "u a comp>able rat+  
sy/em74  4