To amend the Federal Credit Union Act with respect to conversion modernization for privately insured credit unions.

On July 23, 2026, Rep. Warren Davidson (R-OH) introduced HR9900, a bill to amend the Federal Credit Union Act concerning conversion modernization for privately insured credit unions. The bill has been referred to the House Committee on Financial Services, its only action so far. It has zero cosponsors and no committee hearings or markups scheduled. The bill does not authorize or appropriate any funding. As an early-stage procedural bill with no specific provisions detailed, it has no measurable market impact. The legislative path is long: it must pass committee, the full House, the Senate, and be signed into law. Without further details on the conversion mechanism, it is impossible to identify specific winners or losers among publicly traded financial institutions. Credit unions are member-owned cooperatives, not publicly traded entities, so the direct impact on listed companies is negligible. No convergence with other signals is identifiable from the provided data.