H.R. 3958 — Central Liquidity Facility Enhancement Act

Summary

Central Liquidity Facility Enhancement Act

This bill permanently extends waivers applicable to the National Credit Union Administration Central Liquidity Facility with respect to membership, credit extension, and borrowing requirements. Currently, these waivers expire on December 31, 2021. The facility extends credit to member credit unions experiencing liquidity shortfalls.

Specifically, the bill

increases the facility's maximum borrowing authority,
allows corporate credit unions to borrow for additional purposes,
expands agent memberships, and
revises the requirements for loan approval.

Full Text

Legislative Actions

2021-06-16
Introduced in House
2021-06-16
Introduced in House
2021-06-16
Referred to the House Committee on Financial Services.
2021-06-23
Committee Consideration and Mark-up Session Held.
2021-06-23
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.

Central Liquidity Facility Enhancement Act

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill