[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3958 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 3958

  To amend the CARES Act to make certain enhancements to the Central 
                     Liquidity Facility permanent.


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                    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

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                                 A BILL


 
  To amend the CARES Act to make certain enhancements to the Central 
                     Liquidity Facility permanent.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Central Liquidity Facility 
Enhancement Act''.

SEC. 2. PERMANENT EXTENSION OF ENHANCEMENTS.

    Effective on the date of enactment of the CARES Act--
            (1) section 4016 of the CARES Act (12 U.S.C. 1795a note) is 
        amended by striking subsection (b); and
            (2) section 307(a)(4)(A) of the Federal Credit Union Act 
        (12 U.S.C. 1795f(a)(4)(A)) is amended by striking ``twelve 
        times the subscribed capital stock and surplus of the Facility, 
        provided that, the total face value of such obligations shall 
        not exceed 16 times the subscribed capital stock and surplus of 
        the Facility for the period beginning on the date of enactment 
        of the Coronavirus Economic Stabilization Act of 2020 and 
        ending on December 31, 2021'' and inserting ``16 times the 
        subscribed capital stock and surplus of the Facility''.
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