Legis Daily

NCUA Central Liquidity Facility Enhancements Act

USA119th CongressS-2545| Senate 
| Updated: 7/30/2025
Alex Padilla

Alex Padilla

Democratic Senator

California

Cosponsors (1)
Kevin Cramer (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the "NCUA Central Liquidity Facility Enhancements Act," proposes a significant change to the Federal Credit Union Act concerning membership in the National Credit Union Administration Central Liquidity Facility (CLF). Its primary goal is to modify the criteria by which credit unions can become Agent members of this vital liquidity source. The core amendment grants the NCUA Board discretionary power to determine which credit unions may serve as Agent members. This shifts the previous framework from one that suggested automatic inclusion of all eligible credit unions to one where the Board can exercise its judgment in selecting appropriate Agent members for the facility.
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Timeline
Jul 30, 2025
Introduced in Senate
Jul 30, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907: 2)
  • July 30, 2025
    Introduced in Senate


  • July 30, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907: 2)

Finance and Financial Sector

NCUA Central Liquidity Facility Enhancements Act

USA119th CongressS-2545| Senate 
| Updated: 7/30/2025
This bill, known as the "NCUA Central Liquidity Facility Enhancements Act," proposes a significant change to the Federal Credit Union Act concerning membership in the National Credit Union Administration Central Liquidity Facility (CLF). Its primary goal is to modify the criteria by which credit unions can become Agent members of this vital liquidity source. The core amendment grants the NCUA Board discretionary power to determine which credit unions may serve as Agent members. This shifts the previous framework from one that suggested automatic inclusion of all eligible credit unions to one where the Board can exercise its judgment in selecting appropriate Agent members for the facility.
View Full Text

Suggested Questions

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

Timeline
Jul 30, 2025
Introduced in Senate
Jul 30, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907: 2)
  • July 30, 2025
    Introduced in Senate


  • July 30, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907: 2)
Alex Padilla

Alex Padilla

Democratic Senator

California

Cosponsors (1)
Kevin Cramer (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted