H.R. 10510, known as the "Central Liquidity Facility Enhancement Act," aims to make permanent certain changes related to credit unions in the U.S. It modifies several sections of the Federal Credit Union Act, particularly focusing on membership criteria, extensions of credit, and borrowing...
Simple Explanation
The "Central Liquidity Facility Enhancement Act" is a plan to make some big changes for how credit unions work; it lets more kinds of groups use them and lets them borrow a lot more money, but it also asks for a study to see how these changes might help or cause problems.