Central Liquidity Facility Enhancement Act
Bill journey · stage 1 of 5
Just introduced
What it doesSummary 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.
What just happenedJun 23, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Who’s behind it
- Introduced in HouseJun 16, 2021
- Jun 23, 2021Committee
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Financial Services Committee - Jun 23, 2021Committee
Committee Consideration and Mark-up Session Held.
Financial Services Committee - Jun 16, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jun 16, 2021IntroReferralIntro-H
Introduced in House
- Jun 16, 2021IntroReferral1000
Introduced in House