S. 522 · 119th Congress · 2025–2026
Credit Union Board Modernization Act
S. 522 in the 119th Congress (2025–2026) was introduced on Feb 11, 2025, sponsored by Bill Hagerty with 63 co-sponsors.
During the 119th Congress (2025–2026), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Feb 11, 2025
- Co-sponsors
- 63
- Policy area
- Finance and Financial Sector
What it does
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 by the nonpartisan Congressional Research Service.
Sponsor
Bill Hagerty (R-TN). Co-sponsors: 28 Democrats, 34 Republicans, 1 Independent.
Where it stands
- IntroducedFeb 11, 2025
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Feb 11, 2025)
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Other Finance and Financial Sector bills in the 119th Congress
- S.J.Res. 18: A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection…
- S.J.Res. 28: A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection…
- S.J.Res. 13: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- S. 1582: Guiding and Establishing National Innovation for U.S. Stablecoins Act
- H.R. 2808: Homebuyers Privacy Protection Act
- S. 3424: Bankruptcy Administration Improvement Act of 2025
- S. 100: Repealing Big Brother Overreach Act
- S.J.Res. 141: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- H.J.Res. 160: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the…
- H.J.Res. 161: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the…
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 522 (119th Congress): Credit Union Board Modernization Act,” https://www.capitolreceipts.com/bill/119-s-522/credit-union-board-modernization-act (accessed 2026-10-14).