BUDGET TRANSPARENCY FOR THE NCUA.

SEC. 212. BUDGET TRANSPARENCY FOR THE NCUA. Section 209(b) of the Federal Credit Union Act (12 U.S.C. 1789(b)) is amended— (1) by redesignating paragraphs (1) and (2) as paragraphs (2) and (3), respectively; (2) by inserting before paragraph (2), as so redesignated, the following: “(1) on an annual basis and prior to the submission of the detailed business-type budget required under paragraph (2)— “(A) make publicly available and publish in the Federal Register a draft of the detailed business-type budget; and “(B) hold a public hearing, with public notice provided of the hearing, during which the public may submit comments on the draft of the detailed business-type budget;” ; and (3) in paragraph (2), as so redesignated— (A) by inserting “detailed” after “submit a”; and (B) by inserting “, which shall address any comment submitted by the public under paragraph (1)(B)” after “Control Act”.