US HB4575 | 2015-2016 | 114th Congress

Status

Spectrum: Slight Partisan Bill (Republican 11-4)
Status: Introduced on February 12 2016 - 25% progression, died in committee
Action: 2016-02-12 - 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.

Tracking Information

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Title

To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.

Sponsors


History

DateChamberAction
2016-02-12HouseReferred to the House Committee on Financial Services.
2016-02-12HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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