Credit Union Board Modernization Act

referredUnited States· United States Congress· EN

Introduced

1 March 2023

Last action

1 March 2023 · 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. Capito, Shelley Moore [R-WV], Sen. Murkowski, Lisa [R-AK], Sen. Crapo, Mike [R-ID], Sen. Lummis, Cynthia M. [R-WY], Sen. Cramer, Kevin [R-ND], Sen. Barrasso, John [R-WY], Sen. Tuberville, Tommy [R-AL], Sen. Sullivan, Dan [R-AK], Sen. Reed, Jack [D-RI], Sen. Klobuchar, Amy [D-MN], Sen. Kaine, Tim [D-VA], Sen. Budd, Ted [R-NC], Sen. Grassley, Chuck [R-IA], Sen. Britt, Katie Boyd [R-AL], Sen. Ricketts, Pete [R-NE], Sen. Romney, Mitt [R-UT], Sen. Boozman, John [R-AR], Sen. Whitehouse, Sheldon [D-RI], Sen. Lee, Mike [R-UT], Sen. Hoeven, John [R-ND], Sen. Daines, Steve [R-MT], Sen. Young, Todd [R-IN], Sen. Vance, J. D. [R-OH], Sen. Braun, Mike [R-IN], Sen. Collins, Susan M. [R-ME], Sen. King, Angus S., Jr. [I-ME], Sen. Cortez Masto, Catherine [D-NV], Sen. Peters, Gary C. [D-MI], Sen. Fischer, Deb [R-NE], Sen. Ernst, Joni [R-IA], Sen. Merkley, Jeff [D-OR]

Subjects

Taxation

Source updated

27 May 2025

Taxation

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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 March 2023
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
1 March 2023
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 1 March 2023 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 1 March 2023
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Introduced in Senate (PDF)
Introduced in Senate · EN · 1 March 2023
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Introduced in Senate
summary · EN · 1 March 2023
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

related to → Credit Union Board Modernization Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/senate-bill/610
Open data entity: https://api.congress.gov/v3/bill/118/s/610
us · 118-s-610 · source updated 27 May 2025