[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 24 Introduced in House (IH)]

  1st Session
                                 H. R. 24

To provide for State credit union representation on the National Credit 
          Union Administration Board, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 1997

 Mr. Barr of Georgia introduced the following bill; which was referred 
           to the Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
To provide for State credit union representation on the National Credit 
          Union Administration Board, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``State Credit Union Representation 
Act''.

SEC. 2. STATE CREDIT UNION REPRESENTATION ON NCUA BOARD.

    (a) In General.--Section 102(b) of the Federal Credit Union Act (12 
U.S.C. 1752a(b)) is amended to read as follows:
    ``(b)(1) The Board shall consist of 5 members who are broadly 
representative of the public interest and 1 of whom is a State credit 
union supervisor (or the functional equivalent thereof), appointed by 
the President, by and with the advice and consent of the Senate. In 
appointing members of the Board, the President shall designate 1 of the 
members of the Board, other than the member who is a State credit union 
supervisor (or the functional equivalent thereof), as Chairperson. Not 
more than 3 of the members shall be members of the same political 
party.
    ``(2)(A)(i) Except as provided in clause (ii), each member who is a 
State credit union supervisor (or the functional equivalent thereof) 
shall be appointed for a single term of 2 years.
    ``(ii) If a member described in clause (i) ceases to be a State 
credit union supervisor (or the functional equivalent thereof) on a 
date prior to the expiration of the 2-year period described in such 
clause, such member's membership on the Board shall terminate on that 
date.
    ``(B)(i) In filling a vacancy on the Board for a member described 
in subparagraph (A)(i), the President may not appoint an individual who 
has previously served as a member described in such subparagraph.
    ``(ii) In filling a vacancy on the Board for a member described in 
subparagraph (A)(i) (other than a vacancy occurring under subparagraph 
(A)(ii)), the President may not appoint an individual who is serving as 
the State credit union supervisor (or the functional equivalent 
thereof) of the same State as the most recently appointed member 
described in subparagraph (A)(i).''.
    (b) Noncompensation; Travel Expenses.--Section 102 of the Federal 
Credit Union Act (12 U.S.C. 1752a) is amended by adding at the end the 
following:
    ``(g) Members of the Board described in subsection (b)(2)(A)(i)--
            ``(1) shall serve without compensation; and
            ``(2) shall be allowed travel expenses, including per diem 
        in lieu of subsistence, at rates authorized for employees of 
        agencies under subchapter I of chapter 57 of title 5, United 
        States Code, while away from their homes or regular places of 
        business in the performance of services for the Board.''.
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