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Credit Union Board Modernization Act

USA117th CongressS-4325| Senate 
| Updated: 5/26/2022
Kyrsten Sinema

Kyrsten Sinema

Independent Senator

Arizona

Cosponsors (20)
Tommy Tuberville (Republican)Roger Marshall (Republican)Dan Sullivan (Republican)Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Alex Padilla (Democratic)Cynthia M. Lummis (Republican)Amy Klobuchar (Democratic)Roger F. Wicker (Republican)John Boozman (Republican)Tim Kaine (Democratic)Jacky Rosen (Democratic)Kevin Cramer (Republican)Jon Tester (Democratic)Bill Hagerty (Republican)John Barrasso (Republican)Tina Smith (Democratic)Chuck Grassley (Republican)Lisa Murkowski (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 26, 2022
Introduced in Senate
May 26, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 11, 2022

Latest Companion Bill Action

HR 117-6889
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 26, 2022
    Introduced in Senate


  • May 26, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • October 11, 2022

    Latest Companion Bill Action

    HR 117-6889
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 117-6889: Credit Union Board Modernization Act
Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration

Credit Union Board Modernization Act

USA117th CongressS-4325| Senate 
| Updated: 5/26/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 26, 2022
Introduced in Senate
May 26, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 11, 2022

Latest Companion Bill Action

HR 117-6889
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 26, 2022
    Introduced in Senate


  • May 26, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • October 11, 2022

    Latest Companion Bill Action

    HR 117-6889
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Kyrsten Sinema

Kyrsten Sinema

Independent Senator

Arizona

Cosponsors (20)
Tommy Tuberville (Republican)Roger Marshall (Republican)Dan Sullivan (Republican)Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Alex Padilla (Democratic)Cynthia M. Lummis (Republican)Amy Klobuchar (Democratic)Roger F. Wicker (Republican)John Boozman (Republican)Tim Kaine (Democratic)Jacky Rosen (Democratic)Kevin Cramer (Republican)Jon Tester (Democratic)Bill Hagerty (Republican)John Barrasso (Republican)Tina Smith (Democratic)Chuck Grassley (Republican)Lisa Murkowski (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 117-6889: Credit Union Board Modernization Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration