United States 119th Congress Status: In Committee Bipartisan · 35 R · 28 D · 1 I cosponsors

S 522 — Credit Union Board Modernization Act

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

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 11, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 42% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 64 sponsors

    1 primary, 63 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 3 parties (35 R · 28 D · 1 I) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

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.

Bill Text

Action History

  1. Introduced in Senate

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

Sponsors

Sponsorship breakdown

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1 sponsors · 63 co-sponsors · 483 not signed on

Sponsors (1)

Co-sponsors (63)

Not signed on (483)

483 members have not signed on to this bill.

Show all 483 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does S 522 do?
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.
Who sponsors S 522?
S 522 is sponsored by Hagerty, Bill (Republican), Blunt Rochester, Lisa (Democratic), Tuberville, Tommy (Republican), Lee, Mike (Republican), Hoeven, John (Republican), Cramer, Kevin (Republican), Budd, Ted (Republican), King, Angus S., Jr. (Independent), Klobuchar, Amy (Democratic), Cortez Masto, Catherine (Democratic), Collins, Susan M. (Republican), Fischer, Deb (Republican), Kaine, Tim (Democratic), Merkley, Jeff (Democratic), Coons, Christopher A. (Democratic), Crapo, Mike (Republican), Reed, Jack (Democratic), Risch, James E. (Republican), Ricketts, Pete (Republican), Barrasso, John (Republican), Daines, Steve (Republican), Murkowski, Lisa (Republican), Boozman, John (Republican), Britt, Katie Boyd (Republican), Young, Todd (Republican), Whitehouse, Sheldon (Democratic), Curtis, John R. (Republican), Rounds, Mike (Republican), Warner, Mark R. (Democratic), Sullivan, Dan (Republican), Justice, James C. (Republican), Cassidy, Bill (Republican), Padilla, Alex (Democratic), Cotton, Tom (Republican), Ernst, Joni (Republican), Tillis, Thomas (Republican), Peters, Gary C. (Democratic), Shaheen, Jeanne (Democratic), Schiff, Adam B. (Democratic), Moreno, Bernie (Republican), Alsobrooks, Angela D. (Democratic), Kim, Andy (Democratic), Smith, Tina (Democratic), Hickenlooper, John W. (Democratic), Slotkin, Elissa (Democratic), Blackburn, Marsha (Republican), Capito, Shelley Moore (Republican), Sheehy, Tim (Republican), Van Hollen, Chris (Democratic), Baldwin, Tammy (Democratic), Husted, Jon (Republican), Banks, Jim (Republican), Warnock, Raphael G. (Democratic), Scott, Rick (Republican), Ossoff, Jon (Democratic), Luján, Ben Ray (Democratic), Gallego, Ruben (Democratic), Murray, Patty (Democratic), Kelly, Mark (Democratic), Welch, Peter (Democratic), Wicker, Roger F. (Republican), Hyde-Smith, Cindy (Republican), Hassan, Margaret Wood (Democratic), and Moody, Ashley (Republican).
What is the current status of S 522?
This bill is in committee in the Senate. Introduced February 11, 2025. It must pass committee before a floor vote.
Where can I track S 522?
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