[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6105 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6105

To amend the Federal Home Loan Bank Act to allow non-Federally insured 
      credit unions to become members of a Federal Home Loan Bank.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2012

  Mr. Stivers (for himself and Mr. Carson of Indiana) 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. 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''.
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