H.R. 1862 — Introduced in House

I 113th CONGRESS 1st Session H. R. 1862 IN THE HOUSE OF REPRESENTATIVES May 7, 2013 Mr. Stivers (for himself, Mr. Carson of Indiana, and Mrs. Beatty) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Home Loan Bank Act to allow non-Federally insured credit unions to become members of a Federal Home Loan Bank. 1. Short title This Act may be cited as the Capital Access for Small Community Financial Institutions Act of 2013. 2. Inclusion of non-Federally insured credit unions Section 4 of the Federal Home Loan Bank Act (12 U.S.C. 1424(a)) is amended— (1) in subsection (a)— (A) in paragraph (1), by inserting after community development financial institution, the following: a State credit union (as such term is defined under section 101 of the Federal Credit Union Act (12 U.S.C. 1752)),; (B) in paragraph (2)— (i) in the matter before subparagraph (A), by inserting after insured depository institution the following: or State credit union; (ii) in subparagraph (A), by inserting after (other than a community financial institution) the following: or State credit union; and (iii) in subparagraph (B)— (I) by inserting after insured depository institution’s the following: or State credit union’s; and (II) by inserting before the semicolon the following: or State credit union; and (C) in paragraph (3), by inserting after insured depository institution the following: or State credit union; and (2) in subsection (b)— (A) by inserting after institution the following: or State credit union; and (B) by inserting after institution’s the following: or State credit union’s.