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NCUA Central Liquidity Facility Enhancements Act

USA119th CongressS-3575| Senate 
| Updated: 12/18/2025
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 legislation, known as the NCUA Central Liquidity Facility Enhancements Act, aims to modify the Federal Credit Union Act concerning agent membership in the National Credit Union Administration Central Liquidity Facility (CLF). The bill specifically amends Section 304(b)(2) of the Act, which governs the criteria for such membership. The core change involves replacing the phrase "all those credit unions" with "any such credit unions." This amendment provides greater flexibility , allowing individual credit unions to choose whether to become agent members rather than mandating it for all eligible institutions. This adjustment could impact how credit unions access the CLF's liquidity resources by making agent membership more permissive.
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Timeline
Dec 18, 2025
Introduced in Senate
Dec 18, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • December 18, 2025
    Introduced in Senate


  • December 18, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

NCUA Central Liquidity Facility Enhancements Act

USA119th CongressS-3575| Senate 
| Updated: 12/18/2025
This legislation, known as the NCUA Central Liquidity Facility Enhancements Act, aims to modify the Federal Credit Union Act concerning agent membership in the National Credit Union Administration Central Liquidity Facility (CLF). The bill specifically amends Section 304(b)(2) of the Act, which governs the criteria for such membership. The core change involves replacing the phrase "all those credit unions" with "any such credit unions." This amendment provides greater flexibility , allowing individual credit unions to choose whether to become agent members rather than mandating it for all eligible institutions. This adjustment could impact how credit unions access the CLF's liquidity resources by making agent membership more permissive.
View Full Text

Suggested Questions

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

Timeline
Dec 18, 2025
Introduced in Senate
Dec 18, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • December 18, 2025
    Introduced in Senate


  • December 18, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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