HR 4575
114th Congress
House
Housing and Community Development
Credit and credit markets
Government lending and loan guarantees
Housing and community development funding
Infrastructure development
Rural conditions and development
Securities
To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.
Introduced: February 12, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 2016
Referred to the House Committee on Financial Services.
Feb 12, 2016
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1