Gives credit unions more options to join a federal financial support program.
This bill would give credit unions more flexibility in how they can become members of a federal program that offers financial support. It changes a specific rule in the Federal Credit Union Act. This allows "any" eligible credit union to join this program, rather than implying "all" of a certain type must. This means credit unions would have more ways to access this important facility.
Today, the law says "all those credit unions" may be Agent members of the National Credit Union Administration Central Liquidity Facility. If this bill passes, the law would change to say "any such credit unions" may be Agent members. This would give credit unions more flexibility in how they qualify for this federal financial support program.
S 3575 · 119th Congress · December 18, 2025 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.