,,ii  #aafth ,,congress  #ast ,session  
,s4 #fai  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bh1      
#bjai,mr4 ,tester 7for himself and ,mr4 
,moran7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to amend   
the ,federal ,home ,loan ,bank ,act to  
provide investment authority to support 
rural infrastructure development1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,improving ,rural ,access to ,power ,act
 of #bjai4  #b4 ,cooperative            
associations that support rural         
infrastructure development ,section #aa 
of the ,federal ,home ,loan ,bank ,act  
7#ab ,u4,s4,c4 #adca7 is amended by     
adding at the end the following3  7m7   
,cooperative associations that support  
rural infrastructure development  7#a7  
,in general ,each ,federal ,home ,loan  
,bank is authorized to purchase         
investment-grade securities from        

nonmember lenders that--  7,a7 are      
organized as cooperatives2  7,b7 have   
received financing from the ,federal    
,financing ,bank2 and  7,c7 have        
demonstrated experience in making loans 
to cooperatives that are eligible to    
receive loans or commitments for loans  
from the ,rural ,utilities ,service 7or 
any successor agency74  7#b7 ,secured   
investments ,the securities described in
 paragraph 7#a7 shall be secured        
investments collateralized by loans of  
the cooperative lender4  7#c7           
,discretion ,the purchase of the        
securities described in paragraph 7#a7  
shall be at the sole discretion of each 
,federal ,home ,loan ,bank1 consistent  
with such regulations1 restrictions1 and
 limitations as may be prescribed by the
 ,agency4  4