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119-s-3575119th CongressWALLET

NCUA Central Liquidity Facility Enhancements Act

Sponsored By: Senator Padilla, Alex [D-CA]

Introduced

Summary

Allows the NCUA to name individual credit unions as Agent members of the Central Liquidity Facility. This bill would change one phrase in Section 304(b)(2) of the Federal Credit Union Act by replacing "all those credit unions" with "any such credit unions," making Agent membership permissive rather than universal.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More choice for credit unions as agents

This bill would change the Federal Credit Union Act wording in the NCUA Central Liquidity Facility agent membership rule. It would replace the phrase "all those credit unions" with "any such credit unions." If enacted, this would let regulators or the CLF allow some (instead of requiring all) of the named federal credit unions to serve as Agent members. The change would take effect upon enactment and would likely have only small, indirect effects on credit unions' liquidity and on household members.

Sponsors & CoSponsors

Sponsor

Padilla, Alex [D-CA]

CA • D

Cosponsors

  • Sen. Cramer, Kevin [R-ND]

    ND • R

    Sponsored 12/18/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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