S 2361
115th Congress
Senate
Finance and Financial Sector
Housing Opportunity Mortgage Expansion Act
Introduced: January 30, 2018
Introduced by:
Duckworth, Tammy
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2018
Introduced in Senate
Jan 30, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Plain-English summary
Housing Opportunity Mortgage Expansion Act
This bill amends the Federal Home Loan Bank Act to allow the continuation or restoration of Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to finalization of a specified 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.)
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1