Senate bill · S. 522 (119th Congress)
Credit Union Board Modernization Act
U.S. Senate
Sponsor: Bill Hagerty (U.S. Senator for Tennessee, Republican)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
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.
Summary from the Congressional Research Service. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Banking, Housing, and Urban Affairs · U.S. Senate
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Cosponsors
63
Cosponsors listed on Congress.gov, shown A to Z.
- Republican34
- Democratic28
- Other1
This bill has cosponsors from more than one party.
Shown in neutral colors by design; Agora is non-partisan.
- Adam B. Schiff
- Alex Padilla
- Amy Klobuchar
- Andy Kim
- Angela D. Alsobrooks
- Angus S. King, Jr.
- Ashley Moody
- Ben Ray Luján
- Bernie Moreno
- Bill Cassidy
- Catherine Cortez Masto
- Chris Van Hollen
Show the full list (63 names)Show fewer cosponsors
- Christopher A. Coons
- Cindy Hyde-Smith
- Dan Sullivan
- Deb Fischer
- Elissa Slotkin
- Gary C. Peters
- Jack Reed
- James C. Justice
- James E. Risch
- Jeanne Shaheen
- Jeff Merkley
- Jim Banks
- John Barrasso
- John Boozman
- John Hoeven
- John R. Curtis
- John W. Hickenlooper
- Jon Husted
- Jon Ossoff
- Joni Ernst
- Katie Boyd Britt
- Kevin Cramer
- Lisa Blunt Rochester
- Lisa Murkowski
- Margaret Wood Hassan
- Mark Kelly
- Mark R. Warner
- Marsha Blackburn
- Mike Crapo
- Mike Lee
- Mike Rounds
- Patty Murray
- Pete Ricketts
- Peter Welch
- Raphael G. Warnock
- Rick Scott
- Roger F. Wicker
- Ruben Gallego
- Sheldon Whitehouse
- Shelley Moore Capito
- Steve Daines
- Susan M. Collins
- Tammy Baldwin
- Ted Budd
- Thom Tillis
- Tim Kaine
- Tim Sheehy
- Tina Smith
- Todd Young
- Tom Cotton
- Tommy Tuberville
Related bills
- H.R. 975Credit Union Board Modernization ActRelated bill
- H.R. 664421st Century ROAD to Housing ActRelated bill, contained in public law
As identified by Congress.gov.
Full history
- Feb 11, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- Feb 11, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 11, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Feb 11, 2025
Referred to committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.