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A bill to amend the Federal Credit Union Act to provide a sunset for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.
12/15/2023, 4:06 PM
Congressional Summary of S 544
This bill temporarily grants the National Credit Union Administration Board discretion in determining the amount of capital stock in the National Credit Union Administration Central Liquidity Facility is required for a corporate credit union to become an agent member of the facility. The facility serves as a liquidity lender to member credit unions.
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Current Status of Bill S 544
Bill S 544 is currently in the status of Bill Introduced since February 28, 2023. Bill S 544 was introduced during Congress 118 and was introduced to the Senate on February 28, 2023. Bill S 544's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S533) as of February 28, 2023
Bipartisan Support of Bill S 544
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 544
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill S 544
A bill to amend the Federal Credit Union Act to provide a sunset for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.
A bill to amend the Federal Credit Union Act to provide a sunset for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility.
Comments
Sponsors and Cosponsors of S 544
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