To amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.
Latest action · Feb 12, 2016 Referred to the House Committee on Financial Services.
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.
- IntroducedFeb 12, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 14
Members who signed on, in the order they did. Signatures ran from Feb 12, 2016 to Sep 20, 2016, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-GA | David Scott | Original | Feb 12, 2016 |
| R-IN | Luke Messer | Apr 18, 2016 | |
| R-MI | Bill Huizenga | May 11, 2016 | |
| D-OH | Joyce Beatty | May 11, 2016 | |
| R-FL | Dennis A. Ross | May 18, 2016 | |
| D-AL | Terri A. Sewell | May 18, 2016 | |
| R-MO | Blaine Luetkemeyer | May 23, 2016 | |
| R-OH | Steve Stivers | May 24, 2016 | |
| R-AR | J. French Hill | Jun 9, 2016 | |
| R-TX | Roger Williams | Jun 9, 2016 | |
| R-WI | Sean P. Duffy | Jun 9, 2016 | |
| D-WI | Gwen Moore | Jul 14, 2016 | |
| R-MT | Ryan K. Zinke | Sep 14, 2016 | |
| R-OK | Frank D. Lucas | Sep 20, 2016 |
Actions 2
Everything that happened, newest first.
- Feb 12, 2016Introduced in House
- Feb 12, 2016Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Feb 12, 2016Introduced in House
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.