WASHINGTON—Considered a friend of credit unions, Rep. Mick Mulvaney (R-SC) has been chosen by President-elect Donald Trump to serve as director of the Office of Management and Budget. During his time in Congress Mulvaney has also been a critic of some of NCUA’s practices.
The OMB director job has also been held in the past by current CUNA CEO Jim Nussle.
In a release from the Trump administration, Mulvaney stated that being selected is a “great honor” and that the administration would work to “restore budgetary and fiscal sanity.”
“Mulvaney has been a friend of credit unions and NAFCU in efforts to ensure NCUA is transparent in its budget process,” NAFCU stated. “To that end, he helped push for public NCUA budget hearings, long sought by NAFCU, through the introduction of HR 2287, the ‘National Credit Union Administration Budget Transparency Act,’ to require NCUA to hold yearly budget hearings and release its draft budgets for comment.”
HR 2287 cleared the House Financial Services Committee last December. NCUA held a pubic briefing on its 2017-2018 budget plans this October.
Mulvaney is a member of the House Financial Services Committee and vice chairman of that panel’s monetary policy and trade subcommittee. He is also on the House Oversight and Government Reform Committee and serves on that panel’s subcommittee on government operations.
Mulvaney spoke during NAFCU’s June member call-in and this year’s Congressional Caucus in September, as CUtoday.info reported here.