S. 2361 · 115th Congress
Housing Opportunity Mortgage Expansion Act
- Stage
- In committee
- Sponsor
- Tammy Duckworth
- Introduced
- 2018-01-30
- Latest action
- 2018-01-30 · Introduced in Senate
Summary
Housing Opportunity Mortgage Expansion Act
This bill amends the Federal Home Loan Bank Act to allow the continuation or restoration of Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to finalization of a specified 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.)