NCUA Schedules Budget Hearing as House Debates Appropriations Bill
Even as the House considers legislation to make the NCUA subject to the annual appropriations process, the agency has announced it will hold a public briefing on its proposed 2018-2019 budget on Oct. 18.
The briefing will be held from 2 p.m. to 4 p.m. and will be live-streamed on the agency’s website.
The House has been considering the FY18 Financial Services appropriations measure. As written, the bill would make the NCUA and the CFPB subject to the annual appropriations process. However, the House may consider amendments to eliminate that plan and the bill is unlikely to become law since Congress already has extended federal spending until December.
In announcing the budget briefing, NCUA Board Chairman J. Mark McWatters said the agency is attempting to continue a commitment to budget transparency.
“The NCUA needs to be accountable to credit unions for the use of their money, and this public briefing is a key component to how we fulfill our commitment,” he said.
The NCUA will release its draft budget during the week of Oct. 2 to allow people to review the document. People wishing to comment on the budget will have until 5 p.m. on Oct. 27 to comment on the budget.
The agency plans to release its draft 2018-2019 budget during the week of Oct. 2 to give interested parties ample time to review the document prior to the briefing.
People who want to present comments at the Oct. 18 meeting must submit their request, accompanied by their written remarks by Oct. 13 at 5 p.m.