The Emergency Liquidity Act of 2023 is a federal bill aimed at addressing liquidity concerns during times of financial stress. The main provisions of the bill include granting the Federal Reserve Board the authority to provide emergency liquidity assistance to financial institutions facing significant funding challenges. This assistance would be subject to certain conditions and requirements to ensure transparency and accountability. The bill aims to enhance financial stability by enabling timely and effective responses to liquidity crises, ultimately safeguarding the broader economy from systemic risks.
2023-03-17: Introduced in House
2023-03-17: Referred to the House Committee on Financial Services.
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