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US HR2287

US HR2287
National Credit Union Administration Budget Transparency Act


summary

Introduced
05/13/2015
In Committee
12/09/2015
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

National Credit Union Administration Budget Transparency Act 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.

AI Summary

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 detailed annual business-type budget, it must first make a draft of this budget publicly available and publish it in the Federal Register, a daily government publication. Following this, the NCUA will hold a public hearing to allow individuals and organizations to offer comments on the draft budget. Finally, the NCUA's submitted budget must include statements that address any public comments received during the hearing, ensuring that public feedback is considered and responded to in the final budget.

Committee Categories

Business and Industry

Sponsors (34)

Last Action

Placed on the Union Calendar, Calendar No. 678. (on 12/12/2016)

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