Section 1 Short title
This Act may be cited as the “National Credit Union Administration Budget Transparency Act”.
National Credit Union Administration Budget Transparency Act
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.
Sec. 2 Budget transparency for the NCUA
Section 209(b) of the Federal Credit Union Act (12 U.S.C. 1789) is amended—
by redesignating paragraphs (1) and (2) as paragraphs (2) and (3), respectively;
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;”
in paragraph (2), as so redesignated—
by inserting “detailed” after “submit a”; and
by inserting “, and where such budget shall address any comments submitted by the public pursuant to paragraph (1)(B)” after “Control Act”.