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 (Jun 20, 2017)
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 happenedJun 20, 2017
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJun 20, 2017
- Jun 20, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jun 20, 2017IntroReferralIntro-H
Introduced in House
- Jun 20, 2017IntroReferral1000
Introduced in House