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NCUA Central Liquidity Facility Enhancements Act
To amend the Federal Credit Union Act to provide for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.
Summary
This bill amends the Federal Credit Union Act to modify rules governing Agent membership in the National Credit Union Administration (NCUA) Central Liquidity Facility. Currently, the law requires all credit unions to be Agent members of the Central Liquidity Facility. The bill changes this requirement to allow the NCUA Board discretion to determine which credit unions may be Agent members, rather than automatically including all credit unions. This change gives the Board flexibility to selectively designate Agent members based on criteria it determines appropriate.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Padilla, Alex [D-CA] (D-CA)
1 cosponsor
- Sen. Cramer, Kevin [R-ND] (R-ND)
Actions (2)
- Jul 30, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907) · senate
- Jul 30, 2025 Introduced in Senate
Similar bills (6)
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Full text
IN THE SENATE OF THE UNITED STATES
July 30, 2025
Mr. Padilla (for himself and Mr. Cramer) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Federal Credit Union Act to provide for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “NCUA Central Liquidity Facility Enhancements Act”.
SEC. 2. AGENT MEMBERSHIP.
Section 304(b)(2) of the Federal Credit Union Act (12 U.S.C. 1795c(b)(2)) is amended by striking “all those credit unions” and inserting “such credit unions as the Board may in its discretion determine”. <all>
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