Summary: H.R.2963 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2963. Bill summaries are authored by CRS.

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Introduced in House (06/20/2017)

This bill amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to make investments related to rural infrastructure development. Federal Home Loan Banks may purchase investment-grade securities from nonmember lenders that are organized as cooperatives, have received financing from the Federal Financing Bank, and have experience providing loans to cooperatives eligible to receive loans from the Department of Agriculture's Rural Utilities Service.