WASHINGTON - The Central Liquidity Facility's lending cap would stay at $42 billion if Congress passes a measure to fund the government through September.
The House is scheduled to vote on the measure on Wednesday and the Senate would take action on it after that. The bill funds all operations of the government through the rest of the fiscal year, which ends on September 30.
Last fall, Congress and the Bush administration couldn't agree on a budget so they passed a temporary spending plan that funds government operations through March 5.
In that measure, Congress lifted the CLF ceiling last fall and the NCUA, with the strong support of CUNA and NAFCU, has asked lawmakers to keep it at that level.
Before Congress lifted the ceiling last fall, it had previously been $1.5 billion.
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