S 522 · in committee · niche
Credit Union Board Modernization Act
- economy
What this bill does
- The bill changes how often credit union boards must meet, lowering requirements for established healthy credit unions.
- Credit unions, especially new ones or those with low soundness ratings, are affected by new meeting frequency rules.
- The change takes effect immediately upon enactment with no additional federal spending required.
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Community Threads
Started by Cosponsor
- 01
How might reducing board meeting requirements affect the oversight and financial stability of credit unions with lower soundness ratings?
- 02
What specific metrics would distinguish a credit union as 'established' and 'healthy' enough to qualify for reduced meeting frequency?
- 03
Which credit union members could be most vulnerable if board oversight decreases under this modernization approach?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TN
Bill Hagerty
Citizen cosponsors
0
In Congress
63/ 100
Senators cosponsoring
Introduced 2025-02-11
Joining the bill
Lisa Blunt Rochester
D-DE · original
Tommy Tuberville
R-AL
Mike Lee
R-UT
John Hoeven
R-ND
Angus S. King Jr.
I-ME
Ted Budd
R-NC
Kevin Cramer
R-ND
Deb Fischer
R-NE
Amy Klobuchar
D-MN
Susan M. Collins
R-ME
Catherine Cortez Masto
D-NV
Tim Kaine
D-VA
+ 51 more
Legislative timeline
2025-02-11 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-02-11 · IntroReferral
Introduced in Senate
Citizen comments
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