HR 3958 · 117th Congress · Finance and Financial Sector

Central Liquidity Facility Enhancement Act

Introduced 2021-06-16· Sponsored by Rep. Waters, Maxine [D-CA-43]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.(2021-06-23)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Democrats
Rep. Sherman, Brad [D-CA-30]CA
Rep. Perlmutter, Ed [D-CO-7]CO
Rep. Garcia, Sylvia R. [D-TX-29]TX