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    <number>8872</number>
    <updateDate>2023-01-11T13:44:02Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:44:02Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2020-12-04</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 166, Number 205 (Friday, December 4, 2020)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. HOLLINGSWORTH:H.R. 8872.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H6858]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2020-12-04T14:00:10Z</date>
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    <actions>
      <item>
        <actionDate>2020-12-04</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <actionCode>H11100</actionCode>
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          <code>2</code>
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            <name>Financial Services Committee</name>
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        <actionDate>2020-12-04</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2020-12-04</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>H001074</bioguideId>
        <fullName>Rep. Hollingsworth, Trey [R-IN-9]</fullName>
        <firstName>Trey</firstName>
        <lastName>Hollingsworth</lastName>
        <party>R</party>
        <state>IN</state>
        <district>9</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001064</bioguideId>
        <fullName>Rep. Heck, Denny [D-WA-10]</fullName>
        <firstName>Denny</firstName>
        <lastName>Heck</lastName>
        <party>D</party>
        <state>WA</state>
        <district>10</district>
        <sponsorshipDate>2020-12-04</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Accounting and auditing</name>
        </item>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Business records</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Federal Housing Finance Agency</name>
        </item>
        <item>
          <name>Government information and archives</name>
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          <name>Government studies and investigations</name>
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          <name>Housing finance and home ownership</name>
        </item>
        <item>
          <name>Insurance industry and regulation</name>
        </item>
        <item>
          <name>Performance measurement</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2020-12-04</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2021-02-12T15:32:38Z</updateDate>
        <text><![CDATA[ <p><b>Transparency in Federal Home Loan Bank Membership Act of 2020 </b></p> <p>This bill allows a captive insurance company&#8212;an insurer that primarily insures its parent company and affiliates&#8212;to apply for membership with a Federal Home Loan Bank. To qualify for membership, the parent company of a captive insurance company must comply with certain investment requirements and capital standards. </p>]]></text>
      </summary>
    </summaries>
    <title>Transparency in Federal Home Loan Bank Membership Act of 2020</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Transparency in Federal Home Loan Bank Membership Act of 2020</title>
      </item>
      <item>
        <titleType>Short Title(s) as Introduced</titleType>
        <title>Transparency in Federal Home Loan Bank Membership Act of 2020</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Federal Home Loan Bank Act to enable captive insurance companies to apply for membership in the Federal Home Loan Bank System, to add additional membership criteria for captive insurance companies, to require a study on Federal Home Loan Bank membership, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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    </titles>
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        <type>Introduced in House</type>
        <date>2020-12-04T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-116hr8872ih/xml/BILLS-116hr8872ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2020-12-04</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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