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.
Short title
This Act may be cited as the National Credit Union Administration Budget Transparency Act
.
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:
on an annual basis and prior to the submission of the detailed business-type budget required under paragraph (2)—
make publicly available and cause to be printed in the Federal Register a draft of such detailed business-type budget; and
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
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
.