Privately Insured Credit Unions Conversion Modernization Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9900 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9900

   To amend the Federal Credit Union Act with respect to conversion
           modernization for privately insured credit unions.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             July 23, 2026

 Mr. Davidson introduced the following bill; which was referred to the
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL

   To amend the Federal Credit Union Act with respect to conversion
           modernization for privately insured credit unions.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Privately Insured Credit Unions
Conversion Modernization Act''.

SEC. 2. CONVERSION MODERNIZATION FOR PRIVATELY 6 INSURED CREDIT UNIONS.

    Section 206(d)(2) of the Federal Credit Union Act (12 U.S.C.
1786(d)(2)) is amended--
            (1) in the first sentence, by striking ``in a vote in which
        at least 20 per centum of the total membership of the credit
        union participates''; and
            (2) in the second sentence, by striking ``not more than
        thirty nor less than seven days'' and inserting ``not less than
        90 days''.
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