HR 3958 United States House · 117th Congress

Central Liquidity Facility Enhancement Act

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jun 2021

Committee Review

Floor Vote

President

Introduced Jun 16, 2021 Last action Jun 23, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 23, 2021

Introduced

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

lower

Jun 23, 2021

Lower · Passed

Committee Consideration and Mark-up Session Held.

lower

Jun 16, 2021

Committee

Referred to the House Committee on Financial Services.

lower

Jun 16, 2021

Introduced

Introduced in House

lower

1 primary · 3 co-sponsors