US HB2890 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on June 13 2017 - 25% progression, died in committee
Action: 2017-06-13 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Housing Opportunity Mortgage Expansion Act This bill amends the Federal Home Loan Bank Act to continue Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to publication of the proposed (now final) Federal Housing Finance Agency rule ending their FHLB membership. (A captive insurance company underwrites insurance for its parent company and does not provide insurance to the public.) The parent company must support residential mortgage activities.

Tracking Information

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Title

Housing Opportunity Mortgage Expansion Act

Sponsors


History

DateChamberAction
2017-06-13HouseReferred to the House Committee on Financial Services.
2017-06-13HouseIntroduced in House

Same As/Similar To

SB2361 (Related) 2018-01-30 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


Bill Comments

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