US HB2963 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 20 2017 - 25% progression, died in committee
Action: 2017-06-20 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 20 2017 - 25% progression, died in committee
Action: 2017-06-20 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes. 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.
Title
To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.
Sponsors
Rep. Bruce Poliquin [R-ME] | Rep. David Scott [D-GA] |
History
Date | Chamber | Action |
---|---|---|
2017-06-20 | House | Referred to the House Committee on Financial Services. |
2017-06-20 | House | Introduced in House |
Subjects
Credit and credit markets
Government lending and loan guarantees
Housing and community development
Housing and community development funding
Infrastructure development
Rural conditions and development
Securities
Government lending and loan guarantees
Housing and community development
Housing and community development funding
Infrastructure development
Rural conditions and development
Securities
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/2963/all-info |
Text | https://www.congress.gov/115/bills/hr2963/BILLS-115hr2963ih.pdf |