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S522Referred to Committee

Credit Union Board Modernization Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-11
Introduced
63
Cosponsors
S
ⓘ
Type

Sponsor

Bill Hagerty
Bill Hagerty
Republican · TN · Senator
Votes with party: 75.1% (827 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$3,850k

Full profile: /officials/H000601

Source: Congress.gov · FEC

Cosponsors (63)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Lisa Blunt Rochester (D-DE)Original· 2025-02-11
  • Tommy Tuberville (R-AL)· 2025-02-27
  • Angus S. King Jr. (I-ME)· 2025-03-03
  • John Hoeven (R-ND)· 2025-03-03
  • Kevin Cramer (R-ND)· 2025-03-03
  • Mike Lee (R-UT)· 2025-03-03
  • Ted Budd (R-NC)· 2025-03-03
  • Amy Klobuchar (D-MN)· 2025-03-05
  • Catherine Cortez Masto (D-NV)· 2025-03-05
  • Deb Fischer (R-NE)· 2025-03-05
  • Susan M. Collins (R-ME)· 2025-03-05
  • Jeff Merkley (D-OR)· 2025-03-06
  • Tim Kaine (D-VA)· 2025-03-06
  • Christopher A. Coons (D-DE)· 2025-03-10
  • Mike Crapo (R-ID)· 2025-03-10
  • Jack Reed (D-RI)· 2025-03-11
  • James E. Risch (R-ID)· 2025-03-13
  • Pete Ricketts (R-NE)· 2025-03-14
  • John Barrasso (R-WY)· 2025-03-26
  • Steve Daines (R-MT)· 2025-03-26
  • Lisa Murkowski (R-AK)· 2025-04-01
  • John Boozman (R-AR)· 2025-04-04
  • Katie Boyd Britt (R-AL)· 2025-04-07
  • Todd Young (R-IN)· 2025-04-07
  • John R. Curtis (R-UT)· 2025-04-10
  • Sheldon Whitehouse (D-RI)· 2025-04-10
  • Mark R. Warner (D-VA)· 2025-04-30
  • Mike Rounds (R-SD)· 2025-04-30
  • Dan Sullivan (R-AK)· 2025-05-06
  • James C. Justice (R-WV)· 2025-05-08
  • Alex Padilla (D-CA)· 2025-05-13
  • Bill Cassidy (R-LA)· 2025-05-13
  • Tom Cotton (R-AR)· 2025-05-13
  • Joni Ernst (R-IA)· 2025-05-14
  • Gary C. Peters (D-MI)· 2025-05-19
  • Thom Tillis (R-NC)· 2025-05-19
  • Jeanne Shaheen (D-NH)· 2025-06-12
  • Adam B. Schiff (D-CA)· 2025-06-25
  • Bernie Moreno (R-OH)· 2025-06-25
  • Angela D. Alsobrooks (D-MD)· 2025-07-09
  • Andy Kim (D-NJ)· 2025-07-15
  • Tina Smith (D-MN)· 2025-07-16
  • John W. Hickenlooper (D-CO)· 2025-07-21
  • Elissa Slotkin (D-MI)· 2025-08-01
  • Marsha Blackburn (R-TN)· 2025-09-09
  • Shelley Moore Capito (R-WV)· 2025-09-30
  • Tim Sheehy (R-MT)· 2025-10-09
  • Chris Van Hollen (D-MD)· 2025-10-30
  • Tammy Baldwin (D-WI)· 2025-11-04
  • Jon Husted (R-OH)· 2025-11-19
  • Jim Banks (R-IN)· 2025-12-02
  • Raphael G. Warnock (D-GA)· 2025-12-16
  • Rick Scott (R-FL)· 2025-12-16
  • Ben Ray Luján (D-NM)· 2025-12-18
  • Jon Ossoff (D-GA)· 2025-12-18
  • Ruben Gallego (D-AZ)· 2026-01-28
  • Patty Murray (D-WA)· 2026-02-10
  • Mark Kelly (D-AZ)· 2026-03-04
  • Peter Welch (D-VT)· 2026-03-04
  • Roger F. Wicker (R-MS)· 2026-03-05
  • Cindy Hyde-Smith (R-MS)· 2026-03-17
  • Margaret Wood Hassan (D-NH)· 2026-03-25
  • Ashley Moody (R-FL)· 2026-04-20

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

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

2025-02-11

Source: Congress.gov

Committee Activity

Previously

  • Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-02-11
  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-02-11

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • SJRES194A joint resolution disapproving the action of the District of Columbia Council in approving the Body-Worn Camera Transparency for Use of Force Temporary Amendment Act of 2026.
    Referred to Committee · 2026-06-02
  • SJRES195A joint resolution disapproving the action of the District of Columbia Council in approving the Full Accountability in Arrest Reporting Temporary Amendment Act of 2026.
    Referred to Committee · 2026-06-02
  • S4265Freedom to Build Act
    Referred to Committee · 2026-03-26
  • S4198Main Street Depositor Protection Act
    Referred to Committee · 2026-03-25