Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Allows credit unions with private insurance to convert to different regulatory structures more easily.
The problem
Credit unions with private deposit insurance may face outdated conversion rules that don't fit modern financial conditions and regulatory changes.
The proposal
Updates rules for privately insured credit unions to change their charter type or insurance provider with simpler processes and fewer restrictions.
The impact
Credit unions gain flexibility; members might see service changes; regulators adjust oversight; depositors' insurance protections could shift.
Updates outdated regulations that haven't kept pace with how credit unions operate today. Allows institutions to adapt to current financial markets and technology. Makes the system more flexible for changing business needs.
Lets credit unions reorganize more easily, which could create more options for consumers. Enables institutions to compete better in the financial services market. May lead to better services or rates for credit union members.
Simplifies conversion procedures that are currently complex and costly. Saves institutions time and money on compliance processes. Allows credit unions to focus resources on serving members instead of navigating bureaucracy.
Enables struggling credit unions to find solutions through conversion if needed. Provides flexibility for institutions to strengthen their position. May help prevent failures by allowing timely organizational changes.
Conversions could change what insurance protects member deposits. Moving between private and federal insurance systems might create gaps in coverage. Members may not fully understand how their protection changes.
Easing conversion rules might mean less supervision of credit unions. Regulators could have less ability to catch problems early. Weaker oversight might allow risky practices to go unnoticed.
Changes to insurance types or charter structures could confuse members about their protections. Members might not realize their insurance status changed after conversion. Communication failures could lead to member losses.
Private credit unions might gain unfair advantages over federally insured institutions. Conversion flexibility could let some institutions escape tighter rules. May create unequal playing fields between different credit union types.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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