3.0.0 3206 2022-02-03T05:30:02Z 2022-02-08T17:27:15Z House H HR 2005-07-12 109 hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2006-05-11T16:32:22Z Referred to 2005-07-29T16:25:12Z Referred to 2005-07-12T13:10:45Z 2006-05-11 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2005-07-29 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2005-07-12 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-07-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-07-12 Introduced in House IntroReferral 1000 9 Library of Congress M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2005-07-12 True G000210 Rep. Gillmor, Paul E. [R-OH-5] PAUL GILLMOR R OH E. 5 2005-07-12 True K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2005-07-12 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2005-07-12 True Finance and Financial Sector Administrative procedure Administrative remedies Ballots Commerce Corporate reorganizations Corporation directors Credit unions Election administration Government Operations and Politics Government paperwork Law National Credit Union Administration Savings and loan associations Savings banks Voting Finance and Financial Sector 00 2005-07-12 Introduced in House 2005-08-05T13:44:51Z Credit Union Charter Choice Act - Amends the Federal Credit Union Act to repeal requirements governing oversight by the National Credit Union Administration of the member vote concerning charter conversions of credit unions to mutual savings banks or savings associations.

Revamps requirements governing credit union notification to the National Credit Union Administration Board of intent to convert to a mutual savings bank or savings association.

Sets forth a Board approval process regarding materials submitted by converting credit unions in connection with such conversions.

Requires the member vote on a proposed conversion to be conducted by secret ballot, with an independent inspector of elections appointed by the converting credit union to receive and tally the votes. Requires the board of directors of the converting credit union to certify vote results to the Board. Denies the Board any further review or approval authority over the conversion process, absent fraud or reckless disregard for fairness during the voting process that affects the vote outcome.

]]> Credit Union Charter Choice Act Short Titles as Introduced Credit Union Charter Choice Act Display Title Credit Union Charter Choice Act Official Title as Introduced To amend the Federal Credit Union Act provisions relating to any conversion of a credit union charter to a mutual savings bank or savings association charter, and for other purposes. Introduced in House 2005-07-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3206ih/xml/BILLS-109hr3206ih.xml 2006-05-11 Subcommittee Hearings Held. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.