WASHINGTON - Rep. Bob Barr, R-Ga., on July 10 introduced a bill that would add two seats to the three-member National Credit Union Administration board.
One seat, with a term of two years, would be filled by a state regulator.
The bill is identical to one Sen. Phil Gramm, R-Tex., introduced in April.
The Credit Union National Association and its affiliated state leagues have been pushing for increasing the board's size. Ostensibly their motive is to bring on someone with a state-level perspective, but they also want to dilute the influence of NCUA Chairman Norman E. D'Amours.
CUNA is the only industry constituency supporting the bill, which is opposed by the NCUA, the National Association of Federal Credit Unions, and the National Association of State Credit Union Supervisors.