Warren Davidson (R-OH)
Privately Insured Credit Unions Conversion Modernization Act
A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill is called the Privately Insured Credit Unions Conversion Modernization Act. It changes the rules in the Federal Credit Union Act about how privately insured credit unions handle conversions. Specifically, it removes the requirement that at least twenty percent of the total membership must participate in a vote. It also changes the timeframe for notice, replacing the old rule of not more than thirty nor less than seven days with a requirement of not less than 90 days.
Yes
- Scored +3
Would business owners be better off under this?
The easing of conversion requirements provides more flexibility for financial institutions.
- Scored +3
Does this make it easier to run a small business?
The bill streamlines the conversion process for credit unions, which can reduce administrative hurdles for financial institutions.
The opposite
- Scored -2
Does this give people more protection from unfair business practices?
Removing the 20 percent participation threshold and extending the voting period may reduce the direct influence of members over institutional changes.
Who it would affect, and how
Potential Positive Impacts for People
- Extended Notice Period: Section 2 of the bill changes the notice timeframe to not less than 90 days. This gives credit union members a longer, more reasonable amount of time to be informed and prepare for major changes.
Potential Negative Impacts for People
- Removal of Minimum Voter Turnout: Section 2 of the bill removes the requirement that at least 20 percent of the total membership must participate in a vote. This could mean that major decisions regarding conversion might pass with very low voter engagement, potentially letting a small group make decisions for everyone.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The easing of conversion requirements provides more flexibility for financial institutions.
- Economy And Finance
- Does this make it easier to run a small business? — The bill streamlines the conversion process for credit unions, which can reduce administrative hurdles for financial institutions. Does this give people more protection from unfair business practices? — Removing the 20 percent participation threshold and extending the voting period may reduce the direct influence of members over institutional changes.
- 9/21/2026
- 1 Cosponsor added.
- 7/23/2026
- Referred to the House Committee on Financial Services.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Dina TitusDemocrat · Nevada