ALEXANDRIA, Va.–The NCUA Board has issued an Advance Notice of Proposed Rulemaking (ANPR) to solicit input on ways to streamline, clarify, and improve the standard Federal Credit Union bylaws, and also put out for comment proposed suspension and debarment procedures for contractors.
The ANPR is out for 60-day comment and asks five specific questions related to the NCUA’s procedures for approving bylaw amendments, limitation of service policies, member meetings, board recruitment, and how to address aspects of the standard Federal Credit Union bylaws that overlap with NCUA regulations. The notice also asks for general comments on any aspect of the standard Federal Credit Union bylaws that stakeholders wish to bring to the board’s attention.
The full ANPR can be found here.
During the board meeting NCUA Chairman J. Mark McWatters urged credit unions and other stakeholders to take the time to comment, observing, “We have a clean slate right now.”
NCUA Board Member Rick Metsger noted the ANPR is only 13 pages long, so it is easily read. He cautioned thoughts and input shared need to be “consistent with the Federal Credit Union Act.”
Separately, the board also put out for 60-day comment issuance of proposed suspension and debarment procedures for companies/individuals with which/whom the agency contracts for services.
“The proposed rule generally follows procedures that agencies following Federal Acquisition Regulations have adopted,” agency staff said. “Although the NCUA is not required to follow government-wide acquisition laws and regulations, suspension and debarment processes that generally follow those laws and regulations will ensure a commitment to contractor due process developed over years of seeking public comment on expenditure practices.”
NCUA said it is seeking to adopt suspension and debarment procedures to establish an administrative process protecting the federal government’s interest in only doing business with presently responsible contractors.
Additional information on that proposal can be found here.