Transparency in Federal Home Loan Bank Membership Act of 2020

Fact Sheet API

Bill Number

HR 8872

Introduced

Dec 4, 2020

Latest Action

Referred to the House Committee on Financial Services.

Sponsor

Cosponsors

Topics

Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Congressional oversight Federal Housing Finance Agency Finance and Financial Sector Government information and archives Government studies and investigations Housing finance and home ownership Insurance industry and regulation Performance measurement

Full Text

View Full Bill Text

Votes

Summary

Transparency in Federal Home Loan Bank Membership Act of 2020

This bill allows a captive insurance company—an insurer that primarily insures its parent company and affiliates—to apply for membership with a Federal Home Loan Bank. To qualify for membership, the parent company of a captive insurance company must comply with certain investment requirements and capital standards.

Actions

Dec 4, 2020

Referred to the House Committee on Financial Services.
Dec 4, 2020

Introduced in House

Amendments

Related Bills