Central Liquidity Facility Enhancement Act

United States117th CongressHR-3958House of Representatives
Updated: Jun 23, 2021

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Financial Services.

    House of Representatives

  3. Committee Consideration and Mark-up Session Held.

    House of Representatives

  4. Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.

    House of Representatives

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