Capital Access for Small Community Financial Institutions Act of 2013

Bill: 113-hr-1862
Sponsor: full_name: Rep. Stivers, Steve [R-OH-15]
Introduced: 2013-05-07
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Credit and credit markets

Housing finance and home ownership
Latest action: action_date: 2013-05-07
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2013-05-07
action_desc: Introduced in House
text: <p>Capital Access for Small Community Financial Institutions Act of 2013 - Amends the Federal Home Loan Bank Act to make a state credit union eligible for membership in the Federal Home Loan Bank system.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 1862 IN THE HOUSE OF REPRESENTATIVES May 7, 2013 Mr. Stivers (for himself, Mr. Carson of Indiana , and Mrs. Beatty ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Home Loan Bank Act to allow non-Federally insured credit unions to become members of a Federal Home Loan Bank.

1. Short title This Act may be cited as the Capital Access for Small Community Financial Institutions Act of 2013 . 2. Inclusion of non-Federally insured credit unions Section 4 of the Federal Home Loan Bank Act ( 12 U.S.C. 1424(a) ) is amended— (1) in subsection (a)— (A) in paragraph (1), by inserting after community development financial institution, the following: a State credit union (as such term is defined under section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 )), ; (B) in paragraph (2)— (i) in the matter before subparagraph (A), by inserting after insured depository institution the following: or State credit union ; (ii) in subparagraph (A), by inserting after (other than a community financial institution) the following: or State credit union ; and (iii) in subparagraph (B)— (I) by inserting after insured depository institution’s the following: or State credit union’s ; and (II) by inserting before the semicolon the following: or State credit union ; and (C) in paragraph (3), by inserting after insured depository institution the following: or State credit union ; and (2) in subsection (b)— (A) by inserting after institution the following: or State credit union ; and (B) by inserting after institution’s the following: or State credit union’s .