Credit Union Board Modernization Act passed the House 6 days after introduction and awaits a vote in the Senate
IntroducedFeb 4, 2025
Reported—
Passed one chamberFeb 10, 2025
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 66 words.
Credit Union Board Modernization Act This bill reduces the required frequency of meetings held by the board of directors of certain credit unions. Under the bill, new credit unions and credit unions with a low soundness rating must meet monthly, as required under current law. All other credit unions must hold at least six meetings annually, with at least one meeting held during each fiscal quarter.
Context
- Committees
- House Financial Services Committee
Senate Banking, Housing, and Urban Affairs Committee - Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 0 of 73 bills enacted since 2013
- Text versions
- 3, from introduced in house to referred in senate · 270 words
- Subjects
- Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration
- Latest action
- Feb 11, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 4
Each bill appears once, under its strongest link. 4 in all.
Shared text, or included in a law · 1
- 119th H.R. 6644 21st Century ROAD to Housing Act R · Law
Related, per CRS or House · 3
- 119th H.R. 185 Responsible Legislating Act D · Introduced
- 119th H.R. 6955 Main Street Capital Access Act R · Passed one chamber
- 119th S. 522 Credit Union Board Modernization Act R · Introduced
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]