Senate Bill 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.

Purpose and Summary

Chamber: Senate

Introduced date: 2023-02-28

Recent Activity

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S533)

Alternative Names

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.

Associated Legislation

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Policy Areas

Finance and Financial Sector

Potential Impact

Sponsors and Supporters

Sen. Padilla, Alex [D-CA]

Cosponsors and Supporters

Sen. Cramer, Kevin [R-ND]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Variations and Revisions

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

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 b...

Congress
118
Number
S - 544
Introduced on
2023-02-28
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/28/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

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 b...

Alternative Names
Official Title as IntroducedA 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.
Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary6/6/2023

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 b...

Latest Action2/28/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S533)