Bill > S924

This bill, titled the National Credit Union Administration Budget Transparency Act, amends the Federal Credit Union Act to enhance public input into the National Credit Union Administration's (NCUA) budget process. Specifically, before the NCUA Board submits its annual detailed business-type budget, which outlines its operational plans and finances, the bill requires them to first publish a draft of this budget in the Federal Register, a daily government publication. Following this publication, the NCUA must hold a public hearing to allow individuals and organizations to provide comments and feedback on the draft budget. Finally, the bill mandates that the NCUA's final budget submission must include statements that address any public comments received during the hearing, ensuring greater accountability and transparency in how the NCUA plans to use its resources.