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S4808Referred to Committee

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

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-06-17
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Catherine Cortez Masto
Catherine Cortez Masto
Democrat · NV · Senator
Votes with party: 78.5% (823 recorded votes)

Full profile: /officials/C001113

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Bernie Moreno (R-OH)Original· 2026-06-17

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-06-17

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-06-17

Plain-English Summary

Credit unions that are privately insured (rather than federally insured) would gain more flexibility to convert to federal insurance and modernize their operations under updated rules. The changes would make it easier for these smaller financial institutions to transition their insurance status while maintaining their ability to serve their members. This affects credit union members and the institutions themselves, which compete with banks to provide financial services to their customers.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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