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Increased Flexibility for Credit Unions to Access Emergency Liquidity Funds.

This bill makes a technical but important change to the rules governing the Central Liquidity Facility (CLF), which acts as an emergency funding source for credit unions. The amendment increases flexibility regarding how credit unions can use intermediary Agent members to access these funds. While technical, the goal is to strengthen the overall financial stability of the credit union system, indirectly protecting members' savings and financial services.
Key points
Making it easier for credit unions to access emergency funding through the NCUA Central Liquidity Facility.
Increasing flexibility in determining which credit unions can be represented by intermediary Agent members within the CLF system.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3575
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2025-12-18
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NCUA Central Liquidity Facility Enhancements Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3575.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-12-18.

What are the main provisions?

Key points include:

  • Making it easier for credit unions to access emergency funding through the NCUA Central Liquidity Facility.
  • Increasing flexibility in determining which credit unions can be represented by intermediary Agent members within the CLF system.
What is the specific legal status?

The current status is Introduced.

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 Sen. Padilla, Alex [D-CA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-24.

CATEGORIES

Economy