NCUA Budget Transparency Act

Bill: 114-hr-1176
Sponsor: full_name: Rep. Mulvaney, Mick [R-SC-5]
Introduced: 2015-02-27
Policy area: Finance and Financial Sector
Subjects: Accounting and auditing

Bank accounts, deposits, capital

Banking and financial institutions regulation

Congressional oversight

Government studies and investigations

Government trust funds

National Credit Union Administration
Latest action: action_date: 2015-02-27
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2015-02-27
action_desc: Introduced in House
text: <p><b>NCUA Budget Transparency Act</b></p> <p>This bill instructs the Comptroller General to study the National Credit Union Administration (NCUA) in order to:</p> <ul> <li>examine the process and procedures related to NCUA budgeting practices;</li> <li>identify areas where the NCUA can provide greater budget transparency to Members of Congress, the NCUA's regulated entities, and the public; and</li> <li>determine the availability of line-by-line budget data for the National Credit Union Share Insurance Fund, the National Credit Union Central Liquidity Facility, and the Temporary Corporate Credit Union Stabilization Fund. </li> </ul>

tv_txt: I 114th CONGRESS 1st Session H. R. 1176 IN THE HOUSE OF REPRESENTATIVES February 27, 2015 Mr. Mulvaney introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Comptroller General of the United States to carry out a study of the National Credit Union Administration, and for other purposes.

1. Short title This Act may be cited as the NCUA Budget Transparency Act . 2. GAO study (a) Study The Comptroller General of the United States shall carry out a study of the National Credit Union Administration ( NCUA ) to— (1) study the process and procedures related to the budgeting practices of the NCUA; (2) identify areas where the NCUA can provide greater budget transparency to Members of Congress, the NCUA’s regulated entities, and the public; and (3) determine the availability of line-by-line budget data for the National Credit Union Share Insurance Fund, the National Credit Union Central Liquidity Facility, and the Temporary Corporate Credit Union Stabilization Fund. (b) Report Not later than the end of the 18-month period beginning on the date of the enactment of this Act, the Comptroller General shall issue a report to the Congress containing all findings and determinations made in carrying out the study required under subsection (a).