Like Countable?

Install the App
TRY NOW

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Senate Committee on Banking, Housing, and Urban Affairs
  • The house Passed May 6th, 2014
    Roll Call Vote 395 Yea / 0 Nay
      house Committees
      House Committee on Financial Services
      Financial Institutions and Consumer Credit
    IntroducedNovember 21st, 2013

Log in or create an account to see how your Reps voted!

What is it?

Amends the Federal Home Loan Bank Act to authorize more than 150 state-chartered, privately insured credit unions in nine states to apply to become members of a Federal Home Loan Bank. The Federal Home Loan Bank System is comprised of twelve government-sponsored banks that provide secured loan advance for home mortgage and small business loans to 8,000 institutions. A similar proposal has been put forth in Senate by Ohio Sens. Sherrod Brown and Rob Portman.  

Impact

If enacted, the bill would allow member-owned credit unions to provide greater access to increased residential-mortgage and small-business lending.

Cost

A CBO cost estimate is not available at this time.

More Information

Media:

AKA

Capital Access for Small Community Financial Institutions Act of 2014

Official Title

To amend the Federal Home Loan Bank Act to authorize privately insured credit unions to become members of a Federal home loan bank, and for other purposes.