legislation: 117-s-4325

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-s-4325 117 s 4325 Credit Union Board Modernization Act Finance and Financial Sector 2022-05-26 2022-05-26 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Sinema, Kyrsten [D-AZ] AZ D S001191 20 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. 2023-03-08T20:12:14Z https://www.congress.gov/bill/117th-congress/senate-bill/4325

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