This bill temporarily provides the National Credit Union Administration Board with discretion in determining the amount of capital stock in the National Credit Union Administration Central Liquidity Facility 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.
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AGENT MEMBERSHIP.

    (a) In General.--Section 304(b)(2) of the Federal Credit Union Act 
(12 U.S.C. 1795c(b)(2)) is amended by striking ``all those credit 
unions'' and inserting ``such credit unions as the Board may in its 
discretion determine''.
    (b) Sunset.--
            (1) In general.--Section 304(b)(2) of the Federal Credit 
        Union Act (12 U.S.C. 1795c(b)(2)) is amended by striking ``such 
        credit unions as the Board may in its discretion determine'' 
        and inserting ``all those credit unions''.
            (2) Effective date.--The amendments made by paragraph (1) 
        shall take effect on December 31, 2027.
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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.
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.
Official Titles - Senate
Official Title as Introduced
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.
Sen. Padilla, Alex