A bill to amend the Federal Credit Union Act with respect to conversion modernization for privately insured credit unions.
Bill Summary
Amends the Federal Credit Union Act to update rules for privately insured credit unions that want to change their operations. Requires these credit unions to follow new procedures when converting to a different type of credit union or changing their insurance coverage.
Sponsored By
Bill Journey
- Jun 17, 2026
- Jun 17, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects privately insured credit unions and their members by changing the process these credit unions must follow when making significant operational changes. It may impact the services and insurance options available to credit union members.
Impact Areas
Support & Opposition
- Democratic1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.