The Central Liquidity Facility Enhancement Act makes permanent several temporary enhancements to the National Credit Union Administration's Central Liquidity Facility, which provides emergency funding to credit unions facing cash shortages. The bill primarily affects credit unions by expanding their access to borrowing from this facility, increasing the borrowing limit from twelve times to sixteen times the facility's capital and surplus, and modifying membership and lending requirements to give the NCUA Board more flexibility in determining which credit unions can participate. The legislation requires the Government Accountability Office to study the impact of these enhancements within 12 months of the bill's enactment and submit findings and recommendations to Congress. No specific funding amounts are mentioned in the bill, as it deals with adjusting existing lending limits and facility operations rather than appropriating new funds.
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