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WASHINGTON-In seeking fiscal year 2006 appropriations, NCUA will have a whole new subcommittee and new members to work with. The responsibilities of the House Veterans Affairs, Housing and Urban Development, and Independent Agencies Subcommittee of the Appropriations Committee relating to NCUA have been shifted under the new Transportation, Treasury, and Housing and Urban Development Subcommittee. Michigan Republican Joe Knollenberg is chairing the new subcommittee with John Olver (D-Mass.) as the ranking member. NCUA Director of Governmental and Congressional Affairs Cliff Northup pointed out that the committee make-up is completely different. “That’s good and bad,” he commented. “It’s change anyway.” He said his staff would be meeting with all the new members over the next few months as NCUA seeks funding for the Community Development Revolving Loan Fund and the Central Liquidity Facility’s borrowing authority. The agency has requested $900,000 for the CDRLF and a $1.5 billion borrowing authority for the CLF for FY2006. The Senate is also reorganizing its subcommittee structure. Senator Kit Bond (R-Mo.) will chair the new Transportation, Treasury, the Judiciary, and Housing and Urban Development Subcommittee.

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