S. 544 · 118th Congress · Senate

A bill to amend the Federal Credit Union Act to provide a sunset for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.

Active· Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S533)
Introduced
Feb 28, 23
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill temporarily grants the National Credit Union Administration Board discretion in determining the amount of capital stock in the National Credit Union Administration Central Liquidity Facility is required for a corporate credit union to become an agent member of the facility. The facility serves as a liquidity lender to member credit unions.

Action Timeline

2
  1. FEB 28, 2023IntroReferral

    Introduced in Senate

  2. FEB 28, 2023IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs

    (Sponsor introductory remarks on measure: CR S533)

Committees

1

Banking, Housing, and Urban Affairs Committee

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Referred: Feb 28, 2023

Active