Rep. Mick Mulvaney (R-S.C.) on Feb. 27 introduced a bill that would require a Government Accountability Office study of NCUA budgeting and spending.

The bill would require the GAO to review the NCUA's annual operating budget and the NCUSIF, corporate stabilization fund and Central Liquidity Facility.

It was introduced just days after Sen. Richard Shelby (R-Ala.), chairman of the Senate Banking Committee, penned a letter to the NCUA questioning why the agency does not allow a public budget hearing.

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