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H.R. 4575: To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.

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

Introduced: Feb 12, 2016 (114th Congress)

Sponsor: Rep. Bruce Poliquin [R-ME2]

Status: Referred to Committee - Referred to the House Committee on Financial Services.

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.

Votes

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