Credit Union Board Modernization Act has not moved since its introduction on Feb 11, 2025, with cosponsors split almost evenly between the parties
IntroducedFeb 11, 2025
Reported—
Passed one chamber—
Passed both—
Law—
What it changes · CRS summary
Written by the Congressional Research Service [2]. 69 words.
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.
Context
- Committees
- 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
- 3 of 80 bills enacted since 2013
- Text versions
- 1: introduced in senate · 291 words
- Latest action
- Feb 11, 2025: 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 · 2
Each bill appears once, under its strongest link. 2 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 · 1
- 119th H.R. 975 Credit Union Board Modernization Act D · Passed one chamber
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]