The flat rule that a board meet once a month is struck
To increase the supply of housing in America, and for other purposes, section 904, Sec. 904.
Written by .
The flat rule that a board meet once a month is struck
The document says “is amended”Who acts: CongressHow: statuteSec. 904 in the PDF
What the document says
“in subsection (a) (as so designated), by striking ``shall meet at least once a month and''; and”
The section amends section 113 of the Federal Credit Union Act by striking the word monthly wherever it appears, designating the opening matter as subsection (a), and striking the requirement that the board meet at least once a month.
What the document actually says
“in subsection (a) (as so designated), by striking ``shall meet at least once a month and''; and”
That sentence, in plain words
Words about meeting at least once a month come out of an older law.
What this is about
Every federal credit union board once had to meet monthly. That rule applied whatever the size or shape of the credit union. It is now replaced.
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Increase the supply of housing in America, Public Law 119-101, sec. 904, 140 Stat. 967 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“The flat rule that a board meet once a month is struck,” Increase the supply of housing in America, section 904, Sec. 904. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec904-remove-monthly/ (retrieved October 10, 2026).
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