Congress·In Committee·S. 3575
NCUA Central Liquidity Facility Enhancements Act
Credit Union Liquidity Backstop: Expanded Agent Membership
Legislative Progress
Senate
Key Points
- Congress would tweak federal law so credit unions have more flexibility to join the national credit union liquidity backstop through an “agent” arrangement.
- This change is a wording update meant to broaden eligibility—switching from “all those credit unions” to “any such credit unions.”
- If enacted, more credit unions could potentially access emergency cash support indirectly, which can help keep customer services running during financial stress.
- Everyday impact would likely be indirect: it’s aimed at making credit unions more stable in a crisis, not changing rates or fees right away.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Dec 18, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Dec 18, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
NCUA Central Liquidity Facility Enhancements Act
Bill NumberS 3575
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Data Sources
Sponsor
Cosponsors
(1)R: 1
Analysis generated by AI. Always verify with official sources.