NCUA Central Liquidity Facility Enhancements Act

This bill changes the Federal Credit Union Act rules on how a credit union can become an "Agent member" of the National Credit Union Administration's Central Liquidity Facility, a fund that lends money to credit unions that need cash. Under current law, an Agent member must hold stock in the facility on behalf of all the credit unions in its group. The bill changes the wording from "all those credit unions" to "any such credit unions." This would let an Agent member join on behalf of some, rather than all, of the credit unions it serves.

Full text and official record on Congress.gov

Sponsors

• Alex Padilla Democrat sponsor
• 1 cosponsors