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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

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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.  


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


A CBO cost estimate is not available at this time.

More Information



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.

    why should privately held insurance companies be underwritten by the government so they can make more money without risk.. What government was there to protect my business from going out of business.
    Like (1)
    Federal examinations did nothing for the banking industry. Remember 2008?