CONGRESS FOR VOTERS

RepublicanBill · S. 522· Senate(119-S-522)

Credit Union Board Modernization Act

Rep. Hagerty
Age: 67 years
Tennessee
Introduced
2/11/2025
Last activity
2/11/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsored by
Bill Hagerty
Cosponsors
Republican - 34Democrat - 28
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the ``Credit Union Board Modernization Act,'' aims to amend the Federal Credit Union Act. The primary purpose is to modify how often a board of directors must meet. It changes the requirement from a standard monthly meeting schedule. Under this new rule, the frequency of meetings would depend on the credit union's financial and management ratings.

Yes

  • Would business owners be better off under this?+2

    It reduces administrative and governance overhead for established and financially stable credit unions.

  • Does this make it easier to run a small business?+2

    By reducing required meeting frequencies for stable credit unions, it lowers administrative burdens on financial institutions.

The opposite

No question was scored the opposite.