H.R. 2890 · 115th Congress
Housing Opportunity Mortgage Expansion Act
- Stage
- In committee
- Sponsor
- Randy Hultgren
- Introduced
- 2017-06-13
- Latest action
- 2017-06-13 · Introduced in House
Summary
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.