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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 the requirements for credit unions to be agent members of the National Credit Union Administration Central Liquidity Facility. Specifically, it changes the language in the eligibility criteria from "all those credit unions" to "any such credit unions." This modification allows for increased flexibility in which credit unions may participate as agent members of the facility.
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)
- Dec 18, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Dec 18, 2025 Introduced in Senate
Similar bills (6)
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Full text
IN THE SENATE OF THE UNITED STATES
December 18, 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 “any such credit unions”. <all>
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