HR 2890 · 115th Congress · Finance and Financial Sector
Housing Opportunity Mortgage Expansion Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2017-06-13)
Plain Language Summary
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Housing Opportunity Mortgage Expansion Act This bill amends the Federal Home Loan Bank Act to continue Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to publication of the proposed (now final) Federal Housing Finance Agency rule ending their FHLB membership. (A captive insurance company underwrites insurance for its parent company and does not provide insurance to the public.) The parent company must support residential mortgage activities.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
11 Democrats9 Republicans