Housing For the 21st Century Act Passes House 390–9 With CU Board Amendment
By CU Today Staff —
WASHINGTON--The bipartisan Housing for the 21st Century Act — a package designed to expand housing supply and improve affordability — cleared the House of Representatives Monday in a 390–9 vote. The measure now advances to the Senate for further action.
The bill included the Credit Union Board Modernization Act as an amendment.
The bill was sponsored by House Financial Services Committee Chair French Hill of Arkansas, Ranking Member Maxine Waters of California, Housing and Insurance Subcommittee Chair Mike Flood of Nebraska, and Ranking Member Emanuel Cleaver of Missouri. The full committee previously approved the legislation in December 2025 by a 50–1 vote.
America's Credit Unions commented on the bill's passage.
“The Housing for the 21st Century Act is an important step forward for credit unions, with several provisions that provide regulatory relief and support housing affordability," stated ACU President/CEO Scott Simpson. "For years, America’s Credit Unions has advocated for modernizing outdated credit union governance rules that no longer reflect how institutions operate or the communities they serve. The inclusion of the bipartisan Credit Union Board Modernization Act within this package gives credit unions greater flexibility to build strong, effective boards while maintaining robust oversight and accountability.
“Modern governance helps credit unions focus on what matters most: expanding access to affordable financial services, supporting homeownership, and serving members during times of economic uncertainty. We appreciate the House continuing to recognize the need for these updates and urge the Senate to move quickly to advance these commonsense reforms," concluded Simpson.
Originally reported by CU Today.