Improving Rural Access to Power Act of 2018 This bill amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to purchase certain securities from cooperatives that: (1) have certain investment experience involving the Rural Utilities Service, and (2) have received financing from the Federal Financing Bank.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Credit and credit marketsGovernment lending and loan guaranteesHousing finance and home ownershipInfrastructure developmentPublic utilities and utility ratesRural conditions and developmentSecurities
A bill to amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.
USA115th CongressS-3285| Senate
| Updated: 7/26/2018
Improving Rural Access to Power Act of 2018 This bill amends the Federal Home Loan Bank Act to authorize Federal Home Loan Banks to purchase certain securities from cooperatives that: (1) have certain investment experience involving the Rural Utilities Service, and (2) have received financing from the Federal Financing Bank.
Credit and credit marketsGovernment lending and loan guaranteesHousing finance and home ownershipInfrastructure developmentPublic utilities and utility ratesRural conditions and developmentSecurities