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United States · Bill · S

S. 4325 (117th)

Credit Union Board Modernization Act

referredUnited States· United States Congress· EN

Introduced

26 May 2022

Last action

26 May 2022 · Introduced

Status

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

Sponsors

Sen. Sinema, Kyrsten [I-AZ], Sen. Hagerty, Bill [R-TN], Sen. Padilla, Alex [D-CA], Sen. Tillis, Thomas [R-NC], Sen. Lummis, Cynthia M. [R-WY], Sen. Tester, Jon [D-MT], Sen. Boozman, John [R-AR], Sen. Grassley, Chuck [R-IA], Sen. Kaine, Tim [D-VA], Sen. Wicker, Roger F. [R-MS], Sen. Barrasso, John [R-WY], Sen. Klobuchar, Amy [D-MN], Sen. Feinstein, Dianne [D-CA], Sen. Marshall, Roger [R-KS], Sen. Cramer, Kevin [R-ND], Sen. Cortez Masto, Catherine [D-NV], Sen. Smith, Tina [D-MN], Sen. Tuberville, Tommy [R-AL], Sen. Sullivan, Dan [R-AK], Sen. Rosen, Jacky [D-NV], Sen. Murkowski, Lisa [R-AK]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Summary

Credit Union Board Modernization Act This bill revises the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires monthly meetings for new credit unions during their first five years and for credit unions with a low soundness rating. 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. 26 May 2022

    Introduced

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

    Source: IntroReferral

  2. 26 May 2022

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 May 2022

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 May 2022

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 26 May 2022

    Open at official source

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Sponsors

Related records

Sources

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