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Bill · S

S. 522 (119th)

Credit Union Board Modernization Act

Original

referredUnited States· United States Congress· EN

Introduced

11 February 2025

Last action

11 February 2025 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Hagerty, Bill [R-TN], Rep. Blunt Rochester, Lisa [D-DE-At Large], Sen. Tuberville, Tommy [R-AL], Sen. Lee, Mike [R-UT], Sen. Hoeven, John [R-ND], Sen. Cramer, Kevin [R-ND], Sen. Budd, Ted [R-NC], Sen. King, Angus S., Jr. [I-ME], Sen. Klobuchar, Amy [D-MN], Sen. Cortez Masto, Catherine [D-NV], Sen. Collins, Susan M. [R-ME], Sen. Fischer, Deb [R-NE], Sen. Kaine, Tim [D-VA], Sen. Merkley, Jeff [D-OR], Sen. Coons, Christopher A. [D-DE], Sen. Crapo, Mike [R-ID], Sen. Reed, Jack [D-RI], Sen. Risch, James E. [R-ID], Sen. Ricketts, Pete [R-NE], Sen. Barrasso, John [R-WY], Sen. Daines, Steve [R-MT], Sen. Murkowski, Lisa [R-AK], Sen. Boozman, John [R-AR], Sen. Britt, Katie Boyd [R-AL], Sen. Young, Todd [R-IN], Sen. Whitehouse, Sheldon [D-RI], Rep. Curtis, John R. [R-UT-3], Sen. Rounds, Mike [R-SD], Sen. Warner, Mark R. [D-VA], Sen. Sullivan, Dan [R-AK], Sen. Justice, James C. [R-WV], Sen. Cassidy, Bill [R-LA], Sen. Padilla, Alex [D-CA], Sen. Cotton, Tom [R-AR], Sen. Ernst, Joni [R-IA], Sen. Tillis, Thomas [R-NC], Sen. Peters, Gary C. [D-MI], Sen. Shaheen, Jeanne [D-NH], Rep. Schiff, Adam B. [D-CA-28], Sen. Moreno, Bernie [R-OH], Sen. Alsobrooks, Angela [D-MD], Rep. Kim, Andy [D-NJ-3], Sen. Smith, Tina [D-MN], Sen. Hickenlooper, John W. [D-CO], Rep. Slotkin, Elissa [D-MI-7], Sen. Blackburn, Marsha [R-TN], Sen. Capito, Shelley Moore [R-WV], Sen. Sheehy, Tim [R-MT], Sen. Van Hollen, Chris [D-MD], Sen. Baldwin, Tammy [D-WI], Sen. Husted, Jon [R-OH], Rep. Banks, Jim [R-IN-3], Sen. Warnock, Raphael G. [D-GA], Sen. Scott, Rick [R-FL], Sen. Ossoff, Jon [D-GA], Sen. Luján, Ben Ray [D-NM], Rep. Gallego, Ruben [D-AZ-3], Sen. Murray, Patty [D-WA], Sen. Kelly, Mark [D-AZ], Sen. Welch, Peter [D-VT], Sen. Wicker, Roger F. [R-MS], Sen. Hyde-Smith, Cindy [R-MS], Sen. Hassan, Margaret Wood [D-NH], Sen. Moody, Ashley [R-FL]

Subjects

Taxation

Source updated

21 April 2026

Taxation

Official sourceDownload fileView documentsShare

Summary

Credit Union Board Modernization Act This bill revises the required frequency of meetings held by a credit union's board of directors. Specifically, new credit unions and credit unions with a low soundness rating must meet monthly. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter. Currently, all credit union boards must meet at least once a month.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 11 February 2025

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 11 February 2025

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

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Credit Union Board Modernization Act — United States — PoliticalRepo