Preserving Capital Access and Mortgage Liquidity Act of 2015

Bill: 114-hr-2473
Sponsor: full_name: Rep. Clay, Wm. Lacy [D-MO-1]
Introduced: 2015-05-20
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Housing finance and home ownership
Latest action: action_date: 2015-10-21
text: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Summaries:
action_date: 2015-05-20
action_desc: Introduced in House
text: <p><b>Preserving Capital Access and Mortgage Liquidity Act of 2015 </b></p> <p>This bill amends the Federal Home Loan Bank Act to redefine &quot;community financial institution&quot; to include either a federal or state credit union.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2473 IN THE HOUSE OF REPRESENTATIVES May 20, 2015 Mr. Clay (for himself and Mr. Neugebauer ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To include credit unions as community financial institutions under the Federal Home Loan Bank Act.

1. Short title This Act may be cited as the Preserving Capital Access and Mortgage Liquidity Act of 2015 . 2. Definition of a community financial institution Section 2(10)(A)(i) of the Federal Home Loan Bank Act ( 12 U.S.C. 1422(10)(A)(i) ) is amended to read as follows: (i) (I) the deposits of which are insured under the Federal Deposit Insurance Act; or (II) that is a Federal credit union or a State credit union (as such terms are defined, respectively, under section 101 of the Federal Credit Union Act); and .