HR 8872 · 116th Congress · Finance and Financial Sector

Transparency in Federal Home Loan Bank Membership Act of 2020

Introduced 2020-12-04· Sponsored by Rep. Hollingsworth, Trey [R-IN-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-12-04)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Heck, Denny [D-WA-10]WA