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S. 4325 117th Congress Senate

Credit Union Board Modernization Act

Official title: A bill to amend the Federal Credit Union Act to modify the frequency of board of directors meetings, and for other purposes.

Introduced: May 26, 2022 See on congress.gov
Finance and Financial Sector Administrative remediesBanking and financial institutions regulationCorporate finance and managementNational Credit Union Administration
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 26, 2022
Introduced in Senate
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 Latest action May 26, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Credit Union Board Modernization Act

This bill revises the frequency of meetings required to be held by a credit union's board of directors. Specifically, the bill requires monthly meetings for new credit unions during their first five years and for credit unions with a low soundness rating. 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.

 Related & companion bills 1
  • HR 6889 Credit Union Board Modernization Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 18
All 18 Democratic 6 Republican 12
R
Murkowski, Lisa
Alaska · Sep 28, 2022
 D
Rosen, Jacky
Nevada · Sep 28, 2022
 R
Sullivan, Dan
Alaska · Sep 21, 2022
 D
Cortez Masto, Catherine
Nevada · Sep 13, 2022
 R
Cramer, Kevin
North Dakota · Sep 13, 2022
 D
Smith, Tina
Minnesota · Sep 13, 2022
 R
Tuberville, Tommy
Alabama · Sep 13, 2022
 R
Marshall, Roger
Kansas · Aug 4, 2022
 D
Klobuchar, Amy
Minnesota · Jul 28, 2022
 R
Barrasso, John
Wyoming · Jul 12, 2022
 R
Boozman, John
Arkansas · Jul 12, 2022
 R
Grassley, Chuck
Iowa · Jul 12, 2022
 D
Kaine, Tim
Virginia · Jul 12, 2022
 R
Wicker, Roger F.
Mississippi · Jul 12, 2022
 R
Lummis, Cynthia M.
Wyoming · Jun 16, 2022
 R
Hagerty, Bill
Tennessee · May 26, 2022
 D
Padilla, Alex
California · May 26, 2022
 R
Tillis, Thomas
North Carolina · May 26, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4325: Credit Union Board Modernization Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4325/
MLA
"S. 4325: Credit Union Board Modernization Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4325/.
Bluebook (legal)
S. 4325, 117th Cong. (2026), https://openamerica.io/bill/117-S-4325/.
Markdown link
[S. 4325: Credit Union Board Modernization Act](https://openamerica.io/bill/117-S-4325/)
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