HOUSE 3958117th CongressOrdered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Central Liquidity Facility Enhancement Act
- Last Action
- 6/23/2021
Actions
- 2021-06-23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
- 2021-06-23Committee Consideration and Mark-up Session Held.
- 2021-06-16Referred to the House Committee on Financial Services.
- 2021-06-16Introduced in House
- 2021-06-16Introduced in House
CRS Summary
As of 2021-06-16 (00)
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.
Cosponsors (3)
- BRAD SHERMAN (D-CA)
- Ed Perlmutter (D-CO)
- Sylvia Garcia (D-TX)
Subjects
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
Sourced from Congress.gov (public domain).
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