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United States · Bill · HR

H.R. 2963 (115th)

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

referredUnited States· United States Congress· EN

Introduced

20 June 2017

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

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.

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Documents

3 official files

Introduced in House (text)

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Sources

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