S. 522: Credit Union Board Modernization Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-02-11 |
| Sponsor | Sen. Hagerty, Bill [R-TN] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 20 |
| Latest action | 2025-02-11 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-04-21 |
Summary
Official summary (Introduced in Senate, 2025-02-11):
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)
| Name | Party / state |
|---|---|
| Lisa Blunt Rochester | D DE (original cosponsor) 2025-02-11 |
| Tommy Tuberville | R AL 2025-02-27 |
| Mike Lee | R UT 2025-03-03 |
| John Hoeven | R ND 2025-03-03 |
| Kevin Cramer | R ND 2025-03-03 |
| Ted Budd | R NC 2025-03-03 |
| Angus S. King, Jr. | I ME 2025-03-03 |
| Amy Klobuchar | D MN 2025-03-05 |
| Catherine Cortez Masto | D NV 2025-03-05 |
| Susan M. Collins | R ME 2025-03-05 |
| Deb Fischer | R NE 2025-03-05 |
| Tim Kaine | D VA 2025-03-06 |
| Jeff Merkley | D OR 2025-03-06 |
| Christopher A. Coons | D DE 2025-03-10 |
| Mike Crapo | R ID 2025-03-10 |
| Jack Reed | D RI 2025-03-11 |
| James E. Risch | R ID 2025-03-13 |
| Pete Ricketts | R NE 2025-03-14 |
| John Barrasso | R WY 2025-03-26 |
| Steve Daines | R MT 2025-03-26 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 522 are published by Congress on congress.gov.
Frequently asked questions
What is S. 522?
S. 522 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Credit Union Board Modernization Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 522 are available on congress.gov.
Bill data: congress.gov API (official congressional records).