Credit Union Board Modernization Act

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.

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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

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Documents

2 official files

• Introduced in Senate

  Introduced in Senate · EN · 11 February 2025

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 11 February 2025

  Open at official source

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Sponsors

• Sen. Hagerty, Bill [R-TN] · R · Sponsor
• Sen. Blunt Rochester, Lisa [D-DE] · D · Sponsor
• Sen. Tuberville, Tommy [R-AL] · R · Cosponsor
• Sen. Lee, Mike [R-UT] · R · Cosponsor
• Sen. Hoeven, John [R-ND] · R · Cosponsor
• Sen. Cramer, Kevin [R-ND] · R · Cosponsor
• Sen. Budd, Ted [R-NC] · R · Cosponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Cosponsor
• Sen. Klobuchar, Amy [D-MN] · D · Cosponsor
• Sen. Cortez Masto, Catherine [D-NV] · D · Cosponsor
• Sen. Collins, Susan M. [R-ME] · R · Cosponsor
• Sen. Fischer, Deb [R-NE] · R · Cosponsor
• Sen. Kaine, Tim [D-VA] · D · Cosponsor
• Sen. Merkley, Jeff [D-OR] · D · Cosponsor
• Sen. Coons, Christopher A. [D-DE] · D · Cosponsor
• Sen. Crapo, Mike [R-ID] · R · Cosponsor
• Sen. Reed, Jack [D-RI] · D · Cosponsor
• Sen. Risch, James E. [R-ID] · R · Cosponsor
• Sen. Ricketts, Pete [R-NE] · R · Cosponsor
• Sen. Barrasso, John [R-WY] · R · Cosponsor
• Sen. Daines, Steve [R-MT] · R · Cosponsor
• Sen. Murkowski, Lisa [R-AK] · R · Cosponsor
• Sen. Boozman, John [R-AR] · R · Cosponsor
• Sen. Britt, Katie Boyd [R-AL] · R · Cosponsor
• Sen. Young, Todd [R-IN] · R · Cosponsor
• Sen. Whitehouse, Sheldon [D-RI] · D · Cosponsor
• Sen. Curtis, John R. [R-UT] · R · Cosponsor
• Sen. Rounds, Mike [R-SD] · R · Cosponsor
• Sen. Warner, Mark R. [D-VA] · D · Cosponsor
• Sen. Sullivan, Dan [R-AK] · R · Cosponsor
• Sen. Justice, James C. [R-WV] · R · Cosponsor
• Sen. Cassidy, Bill [R-LA] · R · Cosponsor
• Sen. Padilla, Alex [D-CA] · D · Cosponsor
• Sen. Cotton, Tom [R-AR] · R · Cosponsor
• Sen. Ernst, Joni [R-IA] · R · Cosponsor
• Sen. Tillis, Thomas [R-NC] · R · Cosponsor
• Sen. Peters, Gary C. [D-MI] · D · Cosponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Cosponsor
• Sen. Schiff, Adam B. [D-CA] · D · Cosponsor
• Sen. Moreno, Bernie [R-OH] · R · Cosponsor
• Sen. Alsobrooks, Angela D. [D-MD] · D · Cosponsor
• Sen. Kim, Andy [D-NJ] · D · Cosponsor
• Sen. Smith, Tina [D-MN] · D · Cosponsor
• Sen. Hickenlooper, John W. [D-CO] · D · Cosponsor
• Sen. Slotkin, Elissa [D-MI] · D · Cosponsor
• Sen. Blackburn, Marsha [R-TN] · R · Cosponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
• Sen. Sheehy, Tim [R-MT] · R · Cosponsor

Showing 48 of 65 sponsors and actors.

Related records

• related to → Credit Union Board Modernization Act