H.R. 9900

Privately Insured Credit Unions Conversion Modernization Act

Sponsor: Warren Davidson

1 cosponsor
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Sec. 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.