Legis Daily

Central Liquidity Facility Enhancement Act

USA117th CongressHR-3958| House 
| Updated: 6/23/2021
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (3)
Sylvia R. Garcia (Democratic)Brad Sherman (Democratic)Ed Perlmutter (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

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


  • June 16, 2021
    Referred to the House Committee on Financial Services.


  • June 23, 2021
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.


  • June 23, 2021
    Committee Consideration and Mark-up Session Held.

Finance and Financial Sector

Bank accounts, deposits, capitalBanking and financial institutions regulation

Central Liquidity Facility Enhancement Act

USA117th CongressHR-3958| House 
| Updated: 6/23/2021
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

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


  • June 16, 2021
    Referred to the House Committee on Financial Services.


  • June 23, 2021
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.


  • June 23, 2021
    Committee Consideration and Mark-up Session Held.
Maxine Waters

Maxine Waters

Democratic Representative

California

Cosponsors (3)
Sylvia R. Garcia (Democratic)Brad Sherman (Democratic)Ed Perlmutter (Democratic)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulation