To amend the Federal Credit Union Act to require the National Credit Union Administration Board to provide a rationale for any amounts the Board proposes to use from the National Credit Union Share Insurance Fund, and for other purposes.

1/11/2023, 1:33 PM

Congressional Summary of HR 5869

This bill amends the Federal Credit Union Act to require the National Credit Union Administration (NCUA) Board to submit annually with its detailed business-type budget a report that contains: (1) an analysis of the NCUA's operating expenses and the extent to which those expenses are funded by assessment fees collected from federal credit unions or amounts transferred from the National Credit Union Share Insurance Fund (NCUSIF), and (2) a supporting rationale for proposals to use amounts in the NCUSIF for operating expenses.

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Current Status of Bill HR 5869

Bill HR 5869 is currently in the status of Bill Introduced since July 14, 2016. Bill HR 5869 was introduced during Congress 114 and was introduced to the House on July 14, 2016. Bill HR 5869's most recent activity was Referred to the House Committee on Financial Services. as of July 14, 2016

Bipartisan Support of Bill HR 5869

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5869

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bank accounts, deposits, capital

- Government trust funds

- National Credit Union Administration

- User charges and fees

Alternate Title(s) of Bill HR 5869

To amend the Federal Credit Union Act to require the National Credit Union Administration Board to provide a rationale for any amounts the Board proposes to use from the National Credit Union Share Insurance Fund, and for other purposes.