I 112th CONGRESS 2d Session H. R. 6105 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.

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.