Federal Home Loan Banks' Mission Activities Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Apr 10, 2025
What it does
Federal Home Loan Banks' Mission Activities Act This bill expands the Federal Home Loan Bank (FHLB) program that supports affordable housing, allows additional financial institutions to qualify for FHLB membership, and establishes compensation guidelines for FHLB executive officers. The 11 regional FHLBs serve as government-sponsored enterprises to support mortgage lending and related community investment through advances to member financial institutions. First, each FHLB must increase the annual amount contributed to the affordable housing program or other community development programs. The bill also allows small credit unions and community development financial institutions to (1)…
Official summary · Introduced in Senate · Apr 10, 2025
Titles and provisions can change as the bill moves.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.