[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2473 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 2473

To include credit unions as community financial institutions under the 
                      Federal Home Loan Bank Act.


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                    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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Preserving Capital Access and 
Mortgage Liquidity Act of 2015''.

SEC. 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''.
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