WASHINGTON--As the Senate continues accepting amendments for a housing bill, a letter from America’s Credit Unions urges senators to support one that would improve credit union access through NCUA’s Central Liquidity Facility (CLF).
Sens. Alex Padilla (D-CA) and Kevin Cramer (R-ND) offered the text of their bipartisan CLF Enhancement Act, giving more credit unions access to the CLF by reinstating expired provisions Congress previously granted during the pandemic.
“Including this amendment would reaffirm Congress’s commitment to ensuring that credit unions have easier access to the CLF and liquidity so they can effectively serve their members in uncertain times,” the letter reads.
In addition, America’s Credit Unions wrote Monday in support of another amendment to include Community Development Financial Institutions Fund transparency legislation in the 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act.
The amendment process is ongoing, with a final floor vote likely in these next two weeks.