summary
Introduced
09/08/2015
09/08/2015
In Committee
09/22/2015
09/22/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
Federal Home Loan Bank Product Act This bill amends the Commodity Exchange Act to make the Federal Housing Finance Agency the appropriate federal banking agency for any Federal Home Loan Bank (thereby exempting any Federal Home Loan Bank loan from regulation as a swap). The Legal Certainity for Bank Products Act of 2000 is amended to include as a bank any Federal Home Loan Bank.
AI Summary
This bill, titled the Federal Home Loan Bank Product Act, aims to clarify the regulatory status of products offered by Federal Home Loan Banks (FHLBs). Specifically, it amends the Commodity Exchange Act to designate the Federal Housing Finance Agency (FHFA) as the appropriate federal banking agency for FHLBs, which would exempt FHLB loans from being regulated as "swaps" under that act. Additionally, it amends the Legal Certainty for Bank Products Act of 2000 to explicitly include FHLBs as "banks" within the scope of that law, further solidifying their regulatory treatment and providing greater certainty for financial products they offer.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (2)
Last Action
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (on 09/22/2015)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/114th-congress/house-bill/3453/all-info | 09/09/2015 |
| BillText | https://www.congress.gov/114/bills/hr3453/BILLS-114hr3453ih.pdf | 07/05/2016 |
| Bill | https://www.congress.gov/114/bills/hr3453/BILLS-114hr3453ih.pdf.pdf | 07/05/2016 |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-114hr3453ih/pdf/BILLS-114hr3453ih.pdf | 09/09/2015 |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-114hr3453ih/pdf/BILLS-114hr3453ih.pdf.pdf | 09/09/2015 |
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