119th Congress
H.R. 10325: To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.
In Committee
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill increases the required contributions of Federal Home Loan Banks to the Affordable Housing Program established by each bank. These programs subsidize interest rates for member banks to finance (1) mortgages for low- and moderate-income individuals; and (2) the purchase, construction, or rehabilitation of affordable rental housing.
Specifically, the bill increases the percentage of yearly net income that each Federal Home Loan Bank must contribute to these programs from 10% to 15%.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
- 1Maxine Waters SponsorIntroduced, marked up2 events+12
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Maxine Waters.
Show the full action history (4 actions)
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported Unfavorably (Amended) by the Yeas and Nays: 21 - 28.
- Introduced in House
- Referred to the House Committee on Financial Services.