diff --git a/Lib/asyncio/events.py b/Lib/asyncio/events.py
index e425b06..a00f861 100644
--- a/Lib/asyncio/events.py
+++ b/Lib/asyncio/events.py
@@ -652,6 +652,7 @@
 
     This function is thread-specific.
     """
+    # NOTE: this function is implemented in C (see _asynciomodule.c)
     loop = _get_running_loop()
     if loop is None:
         raise RuntimeError('no running event loop')
@@ -664,6 +665,7 @@
     This is a low-level function intended to be used by event loops.
     This function is thread-specific.
     """
+    # NOTE: this function is implemented in C (see _asynciomodule.c)
     running_loop, pid = _running_loop.loop_pid
     if running_loop is not None and pid == os.getpid():
         return running_loop
@@ -675,6 +677,7 @@
     This is a low-level function intended to be used by event loops.
     This function is thread-specific.
     """
+    # NOTE: this function is implemented in C (see _asynciomodule.c)
     _running_loop.loop_pid = (loop, os.getpid())
 
 
@@ -711,6 +714,7 @@
     If there is no running event loop set, the function will return
     the result of `get_event_loop_policy().get_event_loop()` call.
     """
+    # NOTE: this function is implemented in C (see _asynciomodule.c)
     current_loop = _get_running_loop()
     if current_loop is not None:
         return current_loop
@@ -736,3 +740,26 @@
     """Equivalent to calling
     get_event_loop_policy().set_child_watcher(watcher)."""
     return get_event_loop_policy().set_child_watcher(watcher)
+
+
+# Alias pure-Python implementations for testing purposes.
+_py__get_running_loop = _get_running_loop
+_py__set_running_loop = _set_running_loop
+_py_get_running_loop = get_running_loop
+_py_get_event_loop = get_event_loop
+
+
+try:
+    # get_event_loop() is one of the most frequently called
+    # functions in asyncio.  Pure Python implementation is
+    # about 4 times slower than C-accelerated.
+    from _asyncio import (_get_running_loop, _set_running_loop,
+                          get_running_loop, get_event_loop)
+except ImportError:
+    pass
+else:
+    # Alias C implementations for testing purposes.
+    _c__get_running_loop = _get_running_loop
+    _c__set_running_loop = _set_running_loop
+    _c_get_running_loop = get_running_loop
+    _c_get_event_loop = get_event_loop
diff --git a/Lib/test/test_asyncio/test_events.py b/Lib/test/test_asyncio/test_events.py
index 1315feb..144921a 100644
--- a/Lib/test/test_asyncio/test_events.py
+++ b/Lib/test/test_asyncio/test_events.py
@@ -27,6 +27,7 @@
 
 import asyncio
 from asyncio import coroutines
+from asyncio import events
 from asyncio import proactor_events
 from asyncio import selector_events
 from test.test_asyncio import utils as test_utils
@@ -2145,23 +2146,6 @@
             asyncio.set_child_watcher(None)
             super().tearDown()
 
-        def test_get_event_loop_new_process(self):
-            # Issue bpo-32126: The multiprocessing module used by
-            # ProcessPoolExecutor is not functional when the
-            # multiprocessing.synchronize module cannot be imported.
-            support.import_module('multiprocessing.synchronize')
-            async def main():
-                pool = concurrent.futures.ProcessPoolExecutor()
-                result = await self.loop.run_in_executor(
-                    pool, _test_get_event_loop_new_process__sub_proc)
-                pool.shutdown()
-                return result
-
-            self.unpatch_get_running_loop()
-
-            self.assertEqual(
-                self.loop.run_until_complete(main()),
-                'hello')
 
     if hasattr(selectors, 'KqueueSelector'):
         class KqueueEventLoopTests(UnixEventLoopTestsMixin,
@@ -2722,17 +2706,95 @@
         self.assertIs(policy, asyncio.get_event_loop_policy())
         self.assertIsNot(policy, old_policy)
 
+
+class GetEventLoopTestsMixin:
+
+    _get_running_loop_impl = None
+    _set_running_loop_impl = None
+    get_running_loop_impl = None
+    get_event_loop_impl = None
+
+    def setUp(self):
+        self._get_running_loop_saved = events._get_running_loop
+        self._set_running_loop_saved = events._set_running_loop
+        self.get_running_loop_saved = events.get_running_loop
+        self.get_event_loop_saved = events.get_event_loop
+
+        events._get_running_loop = type(self)._get_running_loop_impl
+        events._set_running_loop = type(self)._set_running_loop_impl
+        events.get_running_loop = type(self).get_running_loop_impl
+        events.get_event_loop = type(self).get_event_loop_impl
+
+        asyncio._get_running_loop = type(self)._get_running_loop_impl
+        asyncio._set_running_loop = type(self)._set_running_loop_impl
+        asyncio.get_running_loop = type(self).get_running_loop_impl
+        asyncio.get_event_loop = type(self).get_event_loop_impl
+
+        super().setUp()
+
+        self.loop = asyncio.new_event_loop()
+        asyncio.set_event_loop(self.loop)
+
+        watcher = asyncio.SafeChildWatcher()
+        watcher.attach_loop(self.loop)
+        asyncio.set_child_watcher(watcher)
+
+    def tearDown(self):
+        try:
+            asyncio.set_child_watcher(None)
+            super().tearDown()
+        finally:
+            self.loop.close()
+            asyncio.set_event_loop(None)
+
+            events._get_running_loop = self._get_running_loop_saved
+            events._set_running_loop = self._set_running_loop_saved
+            events.get_running_loop = self.get_running_loop_saved
+            events.get_event_loop = self.get_event_loop_saved
+
+            asyncio._get_running_loop = self._get_running_loop_saved
+            asyncio._set_running_loop = self._set_running_loop_saved
+            asyncio.get_running_loop = self.get_running_loop_saved
+            asyncio.get_event_loop = self.get_event_loop_saved
+
+    if sys.platform != 'win32':
+
+        def test_get_event_loop_new_process(self):
+            # Issue bpo-32126: The multiprocessing module used by
+            # ProcessPoolExecutor is not functional when the
+            # multiprocessing.synchronize module cannot be imported.
+            support.import_module('multiprocessing.synchronize')
+
+            async def main():
+                pool = concurrent.futures.ProcessPoolExecutor()
+                result = await self.loop.run_in_executor(
+                    pool, _test_get_event_loop_new_process__sub_proc)
+                pool.shutdown()
+                return result
+
+            self.assertEqual(
+                self.loop.run_until_complete(main()),
+                'hello')
+
     def test_get_event_loop_returns_running_loop(self):
+        class TestError(Exception):
+            pass
+
         class Policy(asyncio.DefaultEventLoopPolicy):
             def get_event_loop(self):
-                raise NotImplementedError
-
-        loop = None
+                raise TestError
 
         old_policy = asyncio.get_event_loop_policy()
         try:
             asyncio.set_event_loop_policy(Policy())
             loop = asyncio.new_event_loop()
+
+            with self.assertRaises(TestError):
+                asyncio.get_event_loop()
+            asyncio.set_event_loop(None)
+            with self.assertRaises(TestError):
+                asyncio.get_event_loop()
+
             with self.assertRaisesRegex(RuntimeError, 'no running'):
                 self.assertIs(asyncio.get_running_loop(), None)
             self.assertIs(asyncio._get_running_loop(), None)
@@ -2743,6 +2805,15 @@
                 self.assertIs(asyncio._get_running_loop(), loop)
 
             loop.run_until_complete(func())
+
+            asyncio.set_event_loop(loop)
+            with self.assertRaises(TestError):
+                asyncio.get_event_loop()
+
+            asyncio.set_event_loop(None)
+            with self.assertRaises(TestError):
+                asyncio.get_event_loop()
+
         finally:
             asyncio.set_event_loop_policy(old_policy)
             if loop is not None:
@@ -2754,5 +2825,27 @@
         self.assertIs(asyncio._get_running_loop(), None)
 
 
+class TestPyGetEventLoop(GetEventLoopTestsMixin, unittest.TestCase):
+
+    _get_running_loop_impl = events._py__get_running_loop
+    _set_running_loop_impl = events._py__set_running_loop
+    get_running_loop_impl = events._py_get_running_loop
+    get_event_loop_impl = events._py_get_event_loop
+
+
+try:
+    import _asyncio  # NoQA
+except ImportError:
+    pass
+else:
+
+    class TestCGetEventLoop(GetEventLoopTestsMixin, unittest.TestCase):
+
+        _get_running_loop_impl = events._c__get_running_loop
+        _set_running_loop_impl = events._c__set_running_loop
+        get_running_loop_impl = events._c_get_running_loop
+        get_event_loop_impl = events._c_get_event_loop
+
+
 if __name__ == '__main__':
     unittest.main()
diff --git a/Misc/NEWS.d/next/Library/2017-12-12-18-01-01.bpo-32296.bwscHz.rst b/Misc/NEWS.d/next/Library/2017-12-12-18-01-01.bpo-32296.bwscHz.rst
new file mode 100644
index 0000000..4100d48
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2017-12-12-18-01-01.bpo-32296.bwscHz.rst
@@ -0,0 +1,2 @@
+Implement asyncio._get_running_loop() and get_event_loop() in C. This makes
+them 4x faster.
diff --git a/Modules/_asynciomodule.c b/Modules/_asynciomodule.c
index 2c64c55..01c38b8 100644
--- a/Modules/_asynciomodule.c
+++ b/Modules/_asynciomodule.c
@@ -9,9 +9,11 @@
 
 
 /* identifiers used from some functions */
+_Py_IDENTIFIER(__asyncio_running_event_loop__);
 _Py_IDENTIFIER(add_done_callback);
 _Py_IDENTIFIER(call_soon);
 _Py_IDENTIFIER(cancel);
+_Py_IDENTIFIER(get_event_loop);
 _Py_IDENTIFIER(send);
 _Py_IDENTIFIER(throw);
 _Py_IDENTIFIER(_step);
@@ -23,7 +25,7 @@
 static PyObject *all_tasks;
 static PyObject *current_tasks;
 static PyObject *traceback_extract_stack;
-static PyObject *asyncio_get_event_loop;
+static PyObject *asyncio_get_event_loop_policy;
 static PyObject *asyncio_future_repr_info_func;
 static PyObject *asyncio_task_repr_info_func;
 static PyObject *asyncio_task_get_stack_func;
@@ -31,6 +33,7 @@
 static PyObject *asyncio_InvalidStateError;
 static PyObject *asyncio_CancelledError;
 static PyObject *inspect_isgenerator;
+static PyObject *os_getpid;
 
 
 typedef enum {
@@ -88,6 +91,134 @@
 static PyObject* future_new_iter(PyObject *);
 static inline int future_call_schedule_callbacks(FutureObj *);
 
+
+static int
+get_running_loop(PyObject **loop)
+{
+    PyObject *ts_dict;
+    PyObject *running_tuple;
+    PyObject *running_loop;
+    PyObject *running_loop_pid;
+    PyObject *current_pid;
+    int same_pid;
+
+    ts_dict = PyThreadState_GetDict();  // borrowed
+    if (ts_dict == NULL) {
+        PyErr_SetString(
+            PyExc_RuntimeError, "thread-local storage is not available");
+        goto error;
+    }
+
+    running_tuple = _PyDict_GetItemId(
+        ts_dict, &PyId___asyncio_running_event_loop__);  // borrowed
+    if (running_tuple == NULL) {
+        /* _PyDict_GetItemId doesn't set an error if key is not found */
+        goto not_found;
+    }
+
+    assert(PyTuple_CheckExact(running_tuple));
+    assert(PyTuple_Size(running_tuple) == 2);
+    running_loop = PyTuple_GET_ITEM(running_tuple, 0);  // borrowed
+    running_loop_pid = PyTuple_GET_ITEM(running_tuple, 1);  // borrowed
+
+    if (running_loop == Py_None) {
+        goto not_found;
+    }
+
+    current_pid = _PyObject_CallNoArg(os_getpid);
+    if (current_pid == NULL) {
+        goto error;
+    }
+    same_pid = PyObject_RichCompareBool(current_pid, running_loop_pid, Py_EQ);
+    Py_DECREF(current_pid);
+    if (same_pid == -1) {
+        goto error;
+    }
+
+    if (same_pid) {
+        // current_pid == running_loop_pid
+        goto found;
+    }
+
+not_found:
+    *loop = NULL;
+    return 0;
+
+found:
+    Py_INCREF(running_loop);
+    *loop = running_loop;
+    return 0;
+
+error:
+    *loop = NULL;
+    return -1;
+}
+
+
+static int
+set_running_loop(PyObject *loop)
+{
+    PyObject *ts_dict;
+    PyObject *running_tuple;
+    PyObject *current_pid;
+
+    ts_dict = PyThreadState_GetDict();  // borrowed
+    if (ts_dict == NULL) {
+        PyErr_SetString(
+            PyExc_RuntimeError, "thread-local storage is not available");
+        return -1;
+    }
+
+    current_pid = _PyObject_CallNoArg(os_getpid);
+    if (current_pid == NULL) {
+        return -1;
+    }
+
+    running_tuple = PyTuple_New(2);
+    if (running_tuple == NULL) {
+        Py_DECREF(current_pid);
+        return -1;
+    }
+
+    Py_INCREF(loop);
+    PyTuple_SET_ITEM(running_tuple, 0, loop);
+    PyTuple_SET_ITEM(running_tuple, 1, current_pid);  // borrowed
+
+    if (_PyDict_SetItemId(
+            ts_dict, &PyId___asyncio_running_event_loop__, running_tuple)) {
+        Py_DECREF(running_tuple);  // will cleanup loop & current_pid
+        return -1;
+    }
+    Py_DECREF(running_tuple);
+
+    return 0;
+}
+
+
+static PyObject *
+get_event_loop(void)
+{
+    PyObject *loop;
+    PyObject *policy;
+
+    if (get_running_loop(&loop)) {
+        return NULL;
+    }
+    if (loop != NULL) {
+        return loop;
+    }
+
+    policy = _PyObject_CallNoArg(asyncio_get_event_loop_policy);
+    if (policy == NULL) {
+        return NULL;
+    }
+
+    loop = _PyObject_CallMethodId(policy, &PyId_get_event_loop, NULL);
+    Py_DECREF(policy);
+    return loop;
+}
+
+
 static int
 future_schedule_callbacks(FutureObj *fut)
 {
@@ -140,7 +271,7 @@
     _Py_IDENTIFIER(get_debug);
 
     if (loop == Py_None) {
-        loop = _PyObject_CallNoArg(asyncio_get_event_loop);
+        loop = get_event_loop();
         if (loop == NULL) {
             return -1;
         }
@@ -1449,7 +1580,7 @@
     PyObject *res;
 
     if (loop == Py_None) {
-        loop = _PyObject_CallNoArg(asyncio_get_event_loop);
+        loop = get_event_loop();
         if (loop == NULL) {
             return NULL;
         }
@@ -1536,7 +1667,7 @@
     PyObject *res;
 
     if (loop == Py_None) {
-        loop = _PyObject_CallNoArg(asyncio_get_event_loop);
+        loop = get_event_loop();
         if (loop == NULL) {
             return NULL;
         }
@@ -2368,6 +2499,100 @@
 }
 
 
+/*********************** Functions **************************/
+
+
+/*[clinic input]
+_asyncio._get_running_loop
+
+Return the running event loop or None.
+
+This is a low-level function intended to be used by event loops.
+This function is thread-specific.
+
+[clinic start generated code]*/
+
+static PyObject *
+_asyncio__get_running_loop_impl(PyObject *module)
+/*[clinic end generated code: output=b4390af721411a0a input=0a21627e25a4bd43]*/
+{
+    PyObject *loop;
+    if (get_running_loop(&loop)) {
+        return NULL;
+    }
+    if (loop == NULL) {
+        /* There's no currently running event loop */
+        Py_RETURN_NONE;
+    }
+    return loop;
+}
+
+/*[clinic input]
+_asyncio._set_running_loop
+    loop: 'O'
+    /
+
+Set the running event loop.
+
+This is a low-level function intended to be used by event loops.
+This function is thread-specific.
+[clinic start generated code]*/
+
+static PyObject *
+_asyncio__set_running_loop(PyObject *module, PyObject *loop)
+/*[clinic end generated code: output=ae56bf7a28ca189a input=4c9720233d606604]*/
+{
+    if (set_running_loop(loop)) {
+        return NULL;
+    }
+    Py_RETURN_NONE;
+}
+
+/*[clinic input]
+_asyncio.get_event_loop
+
+Return an asyncio event loop.
+
+When called from a coroutine or a callback (e.g. scheduled with
+call_soon or similar API), this function will always return the
+running event loop.
+
+If there is no running event loop set, the function will return
+the result of `get_event_loop_policy().get_event_loop()` call.
+[clinic start generated code]*/
+
+static PyObject *
+_asyncio_get_event_loop_impl(PyObject *module)
+/*[clinic end generated code: output=2a2d8b2f824c648b input=9364bf2916c8655d]*/
+{
+    return get_event_loop();
+}
+
+/*[clinic input]
+_asyncio.get_running_loop
+
+Return the running event loop.  Raise a RuntimeError if there is none.
+
+This function is thread-specific.
+[clinic start generated code]*/
+
+static PyObject *
+_asyncio_get_running_loop_impl(PyObject *module)
+/*[clinic end generated code: output=c247b5f9e529530e input=2a3bf02ba39f173d]*/
+{
+    PyObject *loop;
+    if (get_running_loop(&loop)) {
+        return NULL;
+    }
+    if (loop == NULL) {
+        /* There's no currently running event loop */
+        PyErr_SetString(
+            PyExc_RuntimeError, "no running event loop");
+    }
+    return loop;
+}
+
+
 /*********************** Module **************************/
 
 
@@ -2377,7 +2602,7 @@
     Py_CLEAR(current_tasks);
     Py_CLEAR(all_tasks);
     Py_CLEAR(traceback_extract_stack);
-    Py_CLEAR(asyncio_get_event_loop);
+    Py_CLEAR(asyncio_get_event_loop_policy);
     Py_CLEAR(asyncio_future_repr_info_func);
     Py_CLEAR(asyncio_task_repr_info_func);
     Py_CLEAR(asyncio_task_get_stack_func);
@@ -2385,6 +2610,7 @@
     Py_CLEAR(asyncio_InvalidStateError);
     Py_CLEAR(asyncio_CancelledError);
     Py_CLEAR(inspect_isgenerator);
+    Py_CLEAR(os_getpid);
 }
 
 static int
@@ -2407,7 +2633,7 @@
     }
 
     WITH_MOD("asyncio.events")
-    GET_MOD_ATTR(asyncio_get_event_loop, "get_event_loop")
+    GET_MOD_ATTR(asyncio_get_event_loop_policy, "get_event_loop_policy")
 
     WITH_MOD("asyncio.base_futures")
     GET_MOD_ATTR(asyncio_future_repr_info_func, "_future_repr_info")
@@ -2422,6 +2648,9 @@
     WITH_MOD("inspect")
     GET_MOD_ATTR(inspect_isgenerator, "isgenerator")
 
+    WITH_MOD("os")
+    GET_MOD_ATTR(os_getpid, "getpid")
+
     WITH_MOD("traceback")
     GET_MOD_ATTR(traceback_extract_stack, "extract_stack")
 
@@ -2452,12 +2681,20 @@
 
 PyDoc_STRVAR(module_doc, "Accelerator module for asyncio");
 
+static PyMethodDef asyncio_methods[] = {
+    _ASYNCIO_GET_EVENT_LOOP_METHODDEF
+    _ASYNCIO_GET_RUNNING_LOOP_METHODDEF
+    _ASYNCIO__GET_RUNNING_LOOP_METHODDEF
+    _ASYNCIO__SET_RUNNING_LOOP_METHODDEF
+    {NULL, NULL}
+};
+
 static struct PyModuleDef _asynciomodule = {
     PyModuleDef_HEAD_INIT,      /* m_base */
     "_asyncio",                 /* m_name */
     module_doc,                 /* m_doc */
     -1,                         /* m_size */
-    NULL,                       /* m_methods */
+    asyncio_methods,            /* m_methods */
     NULL,                       /* m_slots */
     NULL,                       /* m_traverse */
     NULL,                       /* m_clear */
diff --git a/Modules/clinic/_asynciomodule.c.h b/Modules/clinic/_asynciomodule.c.h
index 7627849..8022d1c 100644
--- a/Modules/clinic/_asynciomodule.c.h
+++ b/Modules/clinic/_asynciomodule.c.h
@@ -517,4 +517,82 @@
 exit:
     return return_value;
 }
-/*[clinic end generated code: output=b92f9cd2b9fb37ef input=a9049054013a1b77]*/
+
+PyDoc_STRVAR(_asyncio__get_running_loop__doc__,
+"_get_running_loop($module, /)\n"
+"--\n"
+"\n"
+"Return the running event loop or None.\n"
+"\n"
+"This is a low-level function intended to be used by event loops.\n"
+"This function is thread-specific.");
+
+#define _ASYNCIO__GET_RUNNING_LOOP_METHODDEF    \
+    {"_get_running_loop", (PyCFunction)_asyncio__get_running_loop, METH_NOARGS, _asyncio__get_running_loop__doc__},
+
+static PyObject *
+_asyncio__get_running_loop_impl(PyObject *module);
+
+static PyObject *
+_asyncio__get_running_loop(PyObject *module, PyObject *Py_UNUSED(ignored))
+{
+    return _asyncio__get_running_loop_impl(module);
+}
+
+PyDoc_STRVAR(_asyncio__set_running_loop__doc__,
+"_set_running_loop($module, loop, /)\n"
+"--\n"
+"\n"
+"Set the running event loop.\n"
+"\n"
+"This is a low-level function intended to be used by event loops.\n"
+"This function is thread-specific.");
+
+#define _ASYNCIO__SET_RUNNING_LOOP_METHODDEF    \
+    {"_set_running_loop", (PyCFunction)_asyncio__set_running_loop, METH_O, _asyncio__set_running_loop__doc__},
+
+PyDoc_STRVAR(_asyncio_get_event_loop__doc__,
+"get_event_loop($module, /)\n"
+"--\n"
+"\n"
+"Return an asyncio event loop.\n"
+"\n"
+"When called from a coroutine or a callback (e.g. scheduled with\n"
+"call_soon or similar API), this function will always return the\n"
+"running event loop.\n"
+"\n"
+"If there is no running event loop set, the function will return\n"
+"the result of `get_event_loop_policy().get_event_loop()` call.");
+
+#define _ASYNCIO_GET_EVENT_LOOP_METHODDEF    \
+    {"get_event_loop", (PyCFunction)_asyncio_get_event_loop, METH_NOARGS, _asyncio_get_event_loop__doc__},
+
+static PyObject *
+_asyncio_get_event_loop_impl(PyObject *module);
+
+static PyObject *
+_asyncio_get_event_loop(PyObject *module, PyObject *Py_UNUSED(ignored))
+{
+    return _asyncio_get_event_loop_impl(module);
+}
+
+PyDoc_STRVAR(_asyncio_get_running_loop__doc__,
+"get_running_loop($module, /)\n"
+"--\n"
+"\n"
+"Return the running event loop.  Raise a RuntimeError if there is none.\n"
+"\n"
+"This function is thread-specific.");
+
+#define _ASYNCIO_GET_RUNNING_LOOP_METHODDEF    \
+    {"get_running_loop", (PyCFunction)_asyncio_get_running_loop, METH_NOARGS, _asyncio_get_running_loop__doc__},
+
+static PyObject *
+_asyncio_get_running_loop_impl(PyObject *module);
+
+static PyObject *
+_asyncio_get_running_loop(PyObject *module, PyObject *Py_UNUSED(ignored))
+{
+    return _asyncio_get_running_loop_impl(module);
+}
+/*[clinic end generated code: output=d40b94e629571d48 input=a9049054013a1b77]*/