WASHINGTON–NCUA Chairman Debbie Matz will testify July 24 at an oversight hearing held by the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, which chaired by Rep. Randy Neugebauer (R-TX).
The hearing will mark Matz’s first appearance as a congressional hearing witness since 2011.
The hearing is expected to focus on NCUA’s budget, including efforts to bring what credit unions and the trade groups frequently refer to as “transparency” in the agency’s budget process. There are several credit union-backed bills before Congress related to the NCUA budget, including H.R. 2287, the NCUA Budget Transparency Act, sponsored by Reps. Mick Mulvaney (R-SC), and Krysten Sinema (D-AZ). That bill would require NCUA to make its draft budgets publicly available and submit them for publication in the Federal Register, and further require that the agency hold public hearings on its budget.
“NAFCU appreciates the subcommittee holding this important hearing,” said NAFCU CEO Dan Berger. “Any opportunity for robust debate and to shine a light on important credit union issues is extremely positive. We look forward to Chairman Matz's testimony. While NAFCU and our members do not always agree with NCUA, we share the goal of keeping all federally insured credit unions strong.”