US Congress Senate Bill 1806 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on December 12 2013 - 25% progression, died in chamber
Action: 2014-09-16 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Amends the Federal Home Loan Bank Act to modify the eligibility criteria for membership in the Federal Home Loan Bank System by redefining insured depository institution to cover certain insured depository institutions as defined by the Federal Deposit Insurance Act, including insured credit unions as well as any entity that the Consumer Financial Protection Bureau (CFPB) determines: (1) is engaged in the business of receiving deposits, and (2) could reasonably be mistaken for a depository institution by the entity's current or prospective customers.

A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions.

Sen. Sherrod Brown [D-OH]

Sen. Rob Portman [R-OH]

Date	Chamber	Action
2014-09-16	Senate	Committee on Banking, Housing, and Urban Affairs. Hearings held.
2013-12-12	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1806/all-info
Text	https://www.congress.gov/113/bills/s1806/BILLS-113s1806is.pdf