119th Congress
S. 522
Credit Union Board Modernization Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Bill Hagerty(R-TN)
- Introduced
- Feb 11, 2025
- Policy area
- Finance and Financial Sector
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (63)
Original cosponsors (1)
- Lisa Blunt Rochester (D-DE)
Added later (62)
- Tommy Tuberville (R-AL) · Feb 27, 2025
- Angus S. King, Jr. (I-ME) · Mar 3, 2025
- John Hoeven (R-ND) · Mar 3, 2025
- Kevin Cramer (R-ND) · Mar 3, 2025
- Mike Lee (R-UT) · Mar 3, 2025
- Ted Budd (R-NC) · Mar 3, 2025
- Amy Klobuchar (D-MN) · Mar 5, 2025
- Catherine Cortez Masto (D-NV) · Mar 5, 2025
- Deb Fischer (R-NE) · Mar 5, 2025
- Susan M. Collins (R-ME) · Mar 5, 2025
- Jeff Merkley (D-OR) · Mar 6, 2025
- Tim Kaine (D-VA) · Mar 6, 2025
- Christopher A. Coons (D-DE) · Mar 10, 2025
- Mike Crapo (R-ID) · Mar 10, 2025
- Jack Reed (D-RI) · Mar 11, 2025
- James E. Risch (R-ID) · Mar 13, 2025
- Pete Ricketts (R-NE) · Mar 14, 2025
- John Barrasso (R-WY) · Mar 26, 2025
- Steve Daines (R-MT) · Mar 26, 2025
- Lisa Murkowski (R-AK) · Apr 1, 2025
- John Boozman (R-AR) · Apr 4, 2025
- Katie Boyd Britt (R-AL) · Apr 7, 2025
- Todd Young (R-IN) · Apr 7, 2025
- John R. Curtis (R-UT) · Apr 10, 2025
- Sheldon Whitehouse (D-RI) · Apr 10, 2025
- Mark R. Warner (D-VA) · Apr 30, 2025
- Mike Rounds (R-SD) · Apr 30, 2025
- Dan Sullivan (R-AK) · May 6, 2025
- James C. Justice (R-WV) · May 8, 2025
- Alex Padilla (D-CA) · May 13, 2025
- Bill Cassidy (R-LA) · May 13, 2025
- Tom Cotton (R-AR) · May 13, 2025
- Joni Ernst (R-IA) · May 14, 2025
- Gary C. Peters (D-MI) · May 19, 2025
- Thom Tillis (R-NC) · May 19, 2025
- Jeanne Shaheen (D-NH) · Jun 12, 2025
- Adam B. Schiff (D-CA) · Jun 25, 2025
- Bernie Moreno (R-OH) · Jun 25, 2025
- Angela D. Alsobrooks (D-MD) · Jul 9, 2025
- Andy Kim (D-NJ) · Jul 15, 2025
- Tina Smith (D-MN) · Jul 16, 2025
- John W. Hickenlooper (D-CO) · Jul 21, 2025
- Elissa Slotkin (D-MI) · Aug 1, 2025
- Marsha Blackburn (R-TN) · Sep 9, 2025
- Shelley Moore Capito (R-WV) · Sep 30, 2025
- Tim Sheehy (R-MT) · Oct 9, 2025
- Chris Van Hollen (D-MD) · Oct 30, 2025
- Tammy Baldwin (D-WI) · Nov 4, 2025
- Jon Husted (R-OH) · Nov 19, 2025
- Jim Banks (R-IN) · Dec 2, 2025
- Raphael G. Warnock (D-GA) · Dec 16, 2025
- Rick Scott (R-FL) · Dec 16, 2025
- Ben Ray Luján (D-NM) · Dec 18, 2025
- Jon Ossoff (D-GA) · Dec 18, 2025
- Ruben Gallego (D-AZ) · Jan 28, 2026
- Patty Murray (D-WA) · Feb 10, 2026
- Mark Kelly (D-AZ) · Mar 4, 2026
- Peter Welch (D-VT) · Mar 4, 2026
- Roger F. Wicker (R-MS) · Mar 5, 2026
- Cindy Hyde-Smith (R-MS) · Mar 17, 2026
- Margaret Wood Hassan (D-NH) · Mar 25, 2026
- Ashley Moody (R-FL) · Apr 20, 2026
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Feb 11, 2025 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Feb 11, 2025
Introduced in Senate