H.R. 3958 · 117th Congress
Central Liquidity Facility Enhancement Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WatersSponsor3 cosponsors · 3 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Jun 16, 2021
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Central Liquidity Facility Enhancement Act
Latest action (Jun 23, 2021): Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 16, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.