To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 12, 2016)
This bill amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to make investments related to rural infrastructure development. Federal Home Loan Banks may purchase investment-grade securities from nonmember lenders that are organized as cooperatives, have received financing from the Federal Financing Bank, and have experience providing loans to cooperatives eligible to receive loans from the Department of Agriculture's Rural Utilities Service.
What just happenedFeb 12, 2016
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseFeb 12, 2016
- Feb 12, 2016IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Feb 12, 2016IntroReferralIntro-H
Introduced in House
- Feb 12, 2016IntroReferral1000
Introduced in House