H.R. 3958, Central Liquidity Facility Enhancement Act
Summary
H.R. 3958 was introduced in the House of Representatives on June 16, 2021 by Ms. Waters (for herself, Mr. Sherman, and Mr. Perlmutter) and referred to the Committee on Financial Services. It is a bill to amend the CARES Act to make certain enhancements to the Central Liquidity Facility permanent. Section 2, Permanent Extension of Enhancements, provides that, effective on the date of enactment of the CARES Act, section 4016 of the CARES Act is amended by striking subsection (b). It also amends section 307(a)(4)(A) of the Federal Credit Union Act.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Issuer
- Congressional materials
- Document type
- Bills Bills 117Hr3958Ih Bills 117Hr3958Ih
- Case
- Bills Bills 117Hr3958Ih Bills 117Hr3958Ih
Cite this document
“H.R. 3958, Central Liquidity Facility Enhancement Act.”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-117hr3958ih-bills-117hr3958ih/
, SHA-256 abe8e906760e363c039de1fbf3c7436730ad1a61b9f0576c0fb95723cfbbb589.Full text
I
117TH CONGRESS
1ST SESSION
H. R. 3958
To amend the CARES Act to make certain enhancements to the Central
Liquidity Facility permanent.
IN THE HOUSE OF REPRESENTATIVES
JUNE 16, 2021
Ms. WATERS (for herself, Mr. SHERMAN, and Mr. PERLMUTTER) introduced
the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the CARES Act to make certain enhancements
to the Central Liquidity Facility permanent.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Central Liquidity Fa-
5 cility Enhancement Act’’.
6 SEC. 2. PERMANENT EXTENSION OF ENHANCEMENTS.
7 Effective on the date of enactment of the CARES
8 Act—
pbinns on DSKJLVW7X2PROD with BILLS
VerDate Sep 11 2014 23:10 Jun 17, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3958.IH H3958
2
1 (1) section 4016 of the CARES Act (12 U.S.C.
2 1795a note) is amended by striking subsection (b);
3 and
4 (2) section 307(a)(4)(A) of the Federal Credit
5 Union Act (12 U.S.C. 1795f(a)(4)(A)) is amended
6 by striking ‘‘twelve times the subscribed capital
7 stock and surplus of the Facility, provided that, the
8 total face value of such obligations shall not exceed
9 16 times the subscribed capital stock and surplus of
10 the Facility for the period beginning on the date of
11 enactment of the Coronavirus Economic Stabiliza-
12 tion Act of 2020 and ending on December 31, 2021’’
13 and inserting ‘‘16 times the subscribed capital stock
14 and surplus of the Facility’’.
Æ
pbinns on DSKJLVW7X2PROD with BILLS •HR 3958 IH
VerDate Sep 11 2014 23:10 Jun 17, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H3958.IH H3958
File and source
- File
- BILLS_bills-117hr3958ih_bills-117hr3958ih.pdf
- Size
- 229,166 bytes
- SHA-256
- abe8e906760e363c039de1fbf3c7436730ad1a61b9f0576c0fb95723cfbbb589
- Original
- www.govinfo.gov