National Credit Union Administration Budget Transparency Act

Bill: 114-s-924
Sponsor: full_name: Sen. Heller, Dean [R-NV]
Introduced: 2015-04-14
Policy area: Finance and Financial Sector
Subjects: Executive agency funding and structure

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National Credit Union Administration

Public participation and lobbying
Latest action: action_date: 2015-04-14
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-04-14
action_desc: Introduced in Senate
text: <p><b>National Credit Union Administration Budget Transparency Act</b></p> <p>This bill amends the Federal Credit Union Act to require the National Credit Union Administration Board, before the annual submission of its required detailed business-type budget, to: (1) print a draft of the budget in the Federal Register; (2) hold a public hearing to receive comments from the public on the draft; and (3) include in the required integral set of accounts statements in which the budget will address any of such comments. </p>

tv_txt: II 114th CONGRESS 1st Session S. 924 IN THE SENATE OF THE UNITED STATES April 14, 2015 Mr. Heller (for himself and Mr. Warner ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require the National Credit Union Administration to hold public hearings and receive comments from the public on its budget, and for other purposes.

1. Short title This Act may be cited as the National Credit Union Administration Budget Transparency Act . 2. Budget transparency for the NCUA Section 209(b) of the Federal Credit Union Act ( 12 U.S.C. 1789 ) is amended— (1) by redesignating paragraphs (1) and (2) as paragraphs (2) and (3), respectively; (2) by inserting before paragraph (2), as so redesignated, the following: (1) on an annual basis and prior to the submission of the detailed business-type budget required under paragraph (2)— (A) make publicly available and cause to be printed in the Federal Register a draft of such detailed business-type budget; and (B) hold a public hearing, with public notice provided of such hearing, wherein the public can submit comments on the draft of such detailed business-type budget; ; and (3) in paragraph (2), as so redesignated— (A) by inserting detailed after submit a ; and (B) by inserting , and where such budget shall address any comments submitted by the public pursuant to paragraph (1)(B) after Control Act .