HR 3958
117th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Central Liquidity Facility Enhancement Act
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
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.
Jun 16, 2021
Referred to the House Committee on Financial Services.
Jun 16, 2021
Introduced in House
Plain-English 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.
What's happening now
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Committees of jurisdiction
1