H.R. 9900 — Privately Insured Credit Unions Conversion Modernization Act

This section revises procedures for an insured credit union, other than a federal credit union, to convert from federal share insurance to private insurance. It eliminates the requirement that at least 20% of members participate in the conversion vote and extends the required notice period to the National Credit Union Administration Board to not less than 90 days (from between 7 and 30 days).