S. 4808 · Senate bill · 119th Congress

Privately Insured Credit Unions Conversion Modernization Act

Introduced Jun 17, 2026

Referred to the Banking, Housing, and Urban Affairs Committee

Latest action Jun 17, 2026

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About 100 words

Contents

This Act may be cited as the “Privately Insured Credit Unions Conversion Modernization Act”.

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”.

Official text, Introduced in Senate (Jun 17, 2026), from the Government Publishing Office via Congress.gov. Printed version (PDF) · All versions on Congress.gov