Summary: S.2361 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2361. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/30/2018)

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.)