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- S.1423
S.1423: Federal Home Loan Bank System Modernization Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about government operations and politics
- Introduced Nov. 7, 1997
- Latest Major Action March 12, 1998
Bill Sponsor
Bill Cosponsors
14 (3 Democrats, 12 Republicans)
Bill Summary
Federal Home Loan Bank System Modernization Act of 1997 - Amends the Federal Home Loan Bank Act (FHLBA) to instruct the Federal Housing Finance Board (the FHF Board) to divide the States into not fewer than one Federal Home Loan Bank district (currently 8 to 12 districts). (Sec. 4) Amends Federal Home Loan Bank (FHLB) membership parameters to make a Federal savings association's membership in the FHLB system voluntary instead of mandatory....
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking.
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Committee on Banking. Hearings held. Hearings printed: S.Hrg. 105-911.
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| Nov. 7, 1997 |
Introduced in the Senate by Chuck T. Hagel (R-Neb.) |