Politiparty
Politiparty

118th Congress Finance and Financial Sector

S. 610: Credit Union Board Modernization Act

Introduced

  1. Introduced (completed)Mar 1, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Mar 1, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

34

Bipartisan support.

Who scored on this bill

12 points earned
  1. 1Kyrsten Sinema I-AZ SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone3 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Kyrsten Sinema

History

  1. Mar 1, 2023Introduced in the Senate by Kyrsten Sinema.
Show the full action history (2 actions)
  1. Mar 1, 2023Introduced in Senate
  2. Mar 1, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.