HR 2890
115th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Housing finance and home ownership
Insurance industry and regulation
Housing Opportunity Mortgage Expansion Act
Introduced: June 13, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2017
Referred to the House Committee on Financial Services.
Jun 13, 2017
Introduced in House
Plain-English summary
Housing Opportunity Mortgage Expansion Act
This bill amends the Federal Home Loan Bank Act to continue Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to publication of the proposed (now final) Federal Housing Finance Agency rule ending their FHLB membership. (A captive insurance company underwrites insurance for its parent company and does not provide insurance to the public.) The parent company must support residential mortgage activities.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1