,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bhij  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ac1 #bjag,mr4 
,hultgren 7for himself and ,ms4 ,moore7 
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
amend the ,federal ,home ,loan ,bank    
,act to permit captive insurance        
companies that were members of a        
,federal ,home ,loan ,bank prior to     
,september #ab1 #bjad1 to continue to be
 eligible to be members of such a ,bank1
 and for other purposes4  #a4 ,short    
title ,this ,act may be cited as the    
,housing ,opportunity ,mortgage         
,expansion ,act4  #b4 ,membership       
eligibility of certain captive insurance
 companies ,section #d of the ,federal  
,home ,loan ,bank ,act 7#ab ,u4,s4,c4   
#adbd7 is amended by adding at the end  
the following3  7d7 ,membership         
eligibility of certain captive insurance
 companies  7#a7 ,in general ,a captive 
insurance company that was admitted to  

,federal ,home ,loan ,bank membership   
prior to ,september #ab1 #bjad1 may     
continue its membership in its ,federal 
,home ,loan ,bank1 to the same extent as
 any other insurance company1 if its    
,federal ,home ,loan ,bank determines1  
including based on information submitted
 by such company1 that the affiliate    
company it insures has a history and    
mission of supporting residential       
mortgage activities4  7#b7 ,benefits    
,captive insurance companies described  
under paragraph 7#a7 shall have the same
 benefits of membership in their        
,federal ,home ,loan ,bank as they had  
prior to ,january #ai1 #bjaf1 and       
section #abfc4f7;e77#a7 of title #ab1   
,code of ,federal ,regulations1 as added
 by the final rule titled ,members of   
,federal ,home ,loan ,banks 7#ha ,fed4  
,reg4 #cbde2 ,jan4 #bj1 #bjaf71 shall   
not apply to such companies4  4