SENATE 610118th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Credit Union Board Modernization Act
- Last Action
- 3/1/2023
Actions
- 2023-03-01Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-03-01Introduced in Senate
CRS Summary
As of 2023-03-01 (00)
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.
Cosponsors (20)
- Bill Hagerty (R-TN)
- Alex Padilla (D-CA)
- Thomas Tillis (R-NC)
- Shelley Capito (R-WV)
- Lisa Murkowski (R-AK)
- Mike Crapo (R-ID)
- Cynthia Lummis (R-WY)
- Kevin Cramer (R-ND)
- John Barrasso (R-WY)
- Tommy Tuberville (R-AL)
- Dan Sullivan (R-AK)
- John Reed (D-RI)
- Amy Klobuchar (D-MN)
- Timothy Kaine (D-VA)
- Ted Budd (R-NC)
- Chuck Grassley (R-IA)
- Katie Britt (R-AL)
- Pete Ricketts (R-NE)
- Mitt Romney (R-UT)
- John Boozman (R-AR)
Sourced from Congress.gov (public domain).
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