Sec. 906. Bringing the examination and supervision functions of the National Credit Union Administration into the appropriations process
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Section 105(d) of the Federal Credit Union Act ( 12 U.S.C. 1755(d) ) is amended— by striking All and inserting
(1)All ; by striking for the account of the Administration and may be expended by the Board to defray the expenses incurred in carrying out the provisions of this Act including the examination and supervision of Federal credit unions and inserting and may be expended by the Board only to the extent as provided in advance by appropriations Acts, to cover the costs incurred in carrying out the provisions of this Act with respect to the costs of the examination and supervision of Federal credit unions and the proportion of the administrative costs of the Board related to the examination and supervision of Federal credit unions ; and by adding at the end the following: The Board may only use amounts in the NCUA Operating Fund to the extent as provided in advance by appropriations Acts, including to pay for the costs incurred by the Board in carrying out the examination and supervision of Federal credit unions and the proportion of the administrative costs of the Board related to the examination and supervision of Federal credit unions. Subparagraph
(A)shall not apply to the Board’s activities carried out pursuant to title II. . Section 120(j)(3) of the Federal Credit Union Act ( 12 U.S.C. 1766(j)(3) ) is amended— by inserting related to the examination and supervision of Federal credit unions under this Act and the proportion of the administrative costs of the Board related to the examination and supervision of Federal credit unions under this Act before shall be paid ; and by striking insured credit unions under this Act and inserting Federal credit unions under this title, only to the extent as provided in advance by appropriations Acts . Section 202(c)(1)(B)(iv) of the Federal Credit Union Act ( 12 U.S.C. 1782(c)(1)(B)(iv) ) is amended— by striking The and inserting To the extent provided for in advance by appropriations Acts, the ; and by adding at the end the following new sentence: This clause shall not apply to the Board’s activities carried out pursuant to this title. . The amendments made by this section shall apply with respect to expenses paid and fees collected on or after October 1, 2018.
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Sec. 906
Bringing the examination and supervision functions of the National Credit Union Administration into the appropriations process
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