Bill · S. 2545· Senate(119-S-2545)
NCUA Central Liquidity Facility Enhancements Act
- Introduced
- 7/30/2025
- Last activity
- 7/30/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907)
- Sponsored by
- Alex Padilla
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "NCUA Central Liquidity Facility Enhancements Act," aims to change the Federal Credit Union Act. It focuses on how credit unions can become Agent members of the National Credit Union Administration Central Liquidity Facility. Specifically, it seeks to amend the language regarding which credit unions are eligible for such membership. The change would move away from a requirement for all credit unions to a system based on the Board's discretion.
Yes
Does this give the federal government more power?+4
The bill expands the discretionary authority of the NCUA Board to determine which credit unions qualify for Agent membership.
The opposite
Would business owners be better off under this?-2
Credit union owners may face more uncertainty regarding membership in the Central Liquidity Facility due to the shift to Board discretion.
Does this make it easier to run a small business?-2
The bill removes the automatic eligibility of all credit unions for Agent membership, moving it to a discretionary system that may limit access for some smaller institutions.
Who it would affect, and how
Potential Positive Impacts for People
- Increased Board Discretion: By amending Section 304(b)(2) of the Federal Credit Union Act, the Board gains the power to determine which specific credit unions may serve as Agent members. This provides the Board with more discretion in its decision-making process regarding the Central Liquidity Facility (Section 2).
Potential Negative Impacts for People
- Loss of Universal Membership Eligibility: The bill strikes the phrase "all those credit unions" from the Federal Credit Union Act. This change means that being a credit union may no longer automatically qualify a union for Agent membership under the current wording, instead leaving it up to the Board's determination (Section 2).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Increases Federal Power+4
- Demographic And Interest Groups
- Good For Business Owners-2
- Economy And Finance
- Improves Small Business Support-2
- 7/30/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4907)
- 1 Cosponsor added.
- Introduced in Senate
Kevin CramerRepublican · North Dakota