H.R. 8872 · 116th Congress
Transparency in Federal Home Loan Bank Membership Act of 2020
- Stage
- In committee
- Sponsor
- Trey Hollingsworth
- Introduced
- 2020-12-04
- Latest action
- 2020-12-04 · Introduced in House
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.