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Permanent Financial Support for Credit Unions

This act permanently increases the Central Liquidity Facility's (CLF) ability to lend to credit unions. This means credit unions will have easier access to additional funds when needed, which can help maintain their stability and ensure continuous services for members, i.e., ordinary citizens.
Key points
Permanently increases the Central Liquidity Facility's lending capacity to credit unions.
Ensures greater financial stability for credit unions, potentially leading to safer savings and more accessible loans for citizens.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3958
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2021-06-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Central Liquidity Facility Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3958.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-16.

What are the main provisions?

Key points include:

  • Permanently increases the Central Liquidity Facility's lending capacity to credit unions.
  • Ensures greater financial stability for credit unions, potentially leading to safer savings and more accessible loans for citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy