S 1806 · 113th Congress 2013–2015, ended

A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions.

Introduced Dec 12, 2013 Originated Senate Sponsor Sherrod Brown D-OH

Fact sheet

Latest action · Sep 16, 2014 Committee on Banking, Housing, and Urban Affairs. Hearings held.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedDec 12, 2013
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Amends the Federal Home Loan Bank Act to modify the eligibility criteria for membership in the Federal Home Loan Bank System by redefining insured depository institution to cover certain insured depository institutions as defined by the Federal Deposit Insurance Act, including insured credit unions as well as any entity that the Consumer Financial Protection Bureau (CFPB) determines: (1) is engaged in the business of receiving deposits, and (2) could reasonably be mistaken for a depository institution by the entity's current or prospective customers.

Cosponsors 1

Members who signed on, in the order they did. All signed on Dec 12, 2013.

SeatCosponsorSigned on
R-OHRob PortmanOriginalDec 12, 2013

Actions 3

Everything that happened, newest first.

  1. Sep 16, 2014Committee on Banking, Housing, and Urban Affairs. Hearings held.
  2. Dec 12, 2013Introduced in Senate
  3. Dec 12, 2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Dec 12, 2013Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.