H.R. 3958 · 117th Congress · House

Central Liquidity Facility Enhancement Act

Active· Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Introduced
Jun 16, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

5
  1. JUN 23, 2021•Committee

    Committee Consideration and Mark-up Session Held.

  2. JUN 23, 2021•Committee

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

    28Yea
    22Nay
    0NV
  3. JUN 16, 2021•IntroReferral

    Introduced in House

  4. JUN 16, 2021•IntroReferral

    Introduced in House

  5. JUN 16, 2021•IntroReferral

    Referred to the House Committee on Financial Services.

Committees

2

Financial Services Committee

hsba00

Referred: Jun 23, 2021

Active

Financial Services Committee

hsba00

Referred: Jun 16, 2021

Active