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Credit Union Board Modernization Act

USA118th CongressS-610| Senate 
| Updated: 3/1/2023
Kyrsten Sinema

Kyrsten Sinema

Independent Senator

Arizona

Cosponsors (34)
Joni Ernst (Republican)Tommy Tuberville (Republican)Mike Braun (Republican)Dan Sullivan (Republican)Katie Boyd Britt (Republican)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Jack Reed (Democratic)Mike Lee (Republican)Alex Padilla (Democratic)Cynthia M. Lummis (Republican)J. D. Vance (Republican)Todd Young (Republican)Angus S. King (Independent)Amy Klobuchar (Democratic)Mitt Romney (Republican)John Boozman (Republican)Tim Kaine (Democratic)Sheldon Whitehouse (Democratic)Kevin Cramer (Republican)Deb Fischer (Republican)Bill Hagerty (Republican)John Barrasso (Republican)Jeff Merkley (Democratic)Susan M. Collins (Republican)Chuck Grassley (Republican)Gary C. Peters (Democratic)Pete Ricketts (Republican)Steve Daines (Republican)John Hoeven (Republican)Ted Budd (Republican)Mike Crapo (Republican)Lisa Murkowski (Republican)Shelley Moore Capito (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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

Bill from Previous Congress

S 117-4325
Credit Union Board Modernization Act
Jan 31, 2023

Latest Companion Bill Action

HR 118-582
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 1, 2023
Introduced in Senate
Mar 1, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-4325
    Credit Union Board Modernization Act


  • January 31, 2023

    Latest Companion Bill Action

    HR 118-582
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 1, 2023
    Introduced in Senate


  • March 1, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 118-582: Credit Union Board Modernization Act

Credit Union Board Modernization Act

USA118th CongressS-610| Senate 
| Updated: 3/1/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-4325
Credit Union Board Modernization Act
Jan 31, 2023

Latest Companion Bill Action

HR 118-582
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 1, 2023
Introduced in Senate
Mar 1, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-4325
    Credit Union Board Modernization Act


  • January 31, 2023

    Latest Companion Bill Action

    HR 118-582
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 1, 2023
    Introduced in Senate


  • March 1, 2023
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Kyrsten Sinema

Kyrsten Sinema

Independent Senator

Arizona

Cosponsors (34)
Joni Ernst (Republican)Tommy Tuberville (Republican)Mike Braun (Republican)Dan Sullivan (Republican)Katie Boyd Britt (Republican)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Jack Reed (Democratic)Mike Lee (Republican)Alex Padilla (Democratic)Cynthia M. Lummis (Republican)J. D. Vance (Republican)Todd Young (Republican)Angus S. King (Independent)Amy Klobuchar (Democratic)Mitt Romney (Republican)John Boozman (Republican)Tim Kaine (Democratic)Sheldon Whitehouse (Democratic)Kevin Cramer (Republican)Deb Fischer (Republican)Bill Hagerty (Republican)John Barrasso (Republican)Jeff Merkley (Democratic)Susan M. Collins (Republican)Chuck Grassley (Republican)Gary C. Peters (Democratic)Pete Ricketts (Republican)Steve Daines (Republican)John Hoeven (Republican)Ted Budd (Republican)Mike Crapo (Republican)Lisa Murkowski (Republican)Shelley Moore Capito (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-582: Credit Union Board Modernization Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted