Description:
H.R. 4464 would prevent a rule issued by the National Credit Union Administration (NCUA) from going into effect. That rule would make changes to NCUA’s capital requirements for credit unions. Such changes can affect the probability that a credit union fails and must be resolved by the Share Insurance Fund (SIF). As a result, CBO estimates that enacting the bill would increase net direct spending by $50 million over the 2018-2027 period.
Because enacting H.R. 4464 would affect direct spending, pay-as-you-go procedures apply. Enacting the bill would not affect revenues.
CBO estimates that enacting H.R. 4464 would not increase net direct spending or on-budget deficits by more than $2.5 billion in any of the four consecutive 10-year periods beginning in 2028.
H.R. 4464 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA).
Additional fees levied by the NCUA on credit unions would increase the cost of an existing private-sector mandate as defined in UMRA. However, CBO estimates that those costs would fall below the annual threshold established in UMRA for private-sector mandates ($156 million in 2017, adjusted annually for inflation).
