,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #fai  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #bh1 #bjai,mr4
 ,te/] 7= himself & ,mr4 ,moran7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,home ,loan   
,bank ,act to provide inve/m5t au?ority 
to support rural infra/ructure          
developm5t1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z !        
,improv+ ,rural ,access to ,p[] ,act (  
#bjai4  #b4 ,coop]ative associations t  
support rural infra/ructure developm5t  
,section #aa ( ! ,f$]al ,home ,loan     
,bank ,act 7#ab ,u4,s4,c4 #adca7 is     
am5d$ by add+ at ! end ! foll[+3  7m7   
,coop]ative associations t support rural
 infra/ructure developm5t  7#a7 ,9 g5]al
 ,ea* ,f$]al ,home ,loan ,bank is       
au?oriz$ to pur*ase inve/m5t-grade      
securities f nonmemb] l5d]s t--  7,a7   
are organiz$ z coop]atives2  7,b7 h     
receiv$ f9anc+ f ! ,f$]al ,f9anc+ ,bank2

 &  7,c7 h demon/rat$ exp]i5ce 9 mak+   
loans to coop]atives t are eligible to  
receive loans or commitm5ts = loans f ! 
,rural ,utilities ,s]vice 7or any       
successor ag5cy74  7#b7 ,secur$         
inve/m5ts ,! securities describ$ 9      
p>agraph 7#a7 %all be secur$ inve/m5ts  
collat]aliz$ by loans ( ! coop]ative    
l5d]4  7#c7 ,discretion ,! pur*ase ( !  
securities describ$ 9 p>agraph 7#a7 %all
 be at ! sole discretion ( ea* ,f$]al   
,home ,loan ,bank1 consi/5t ) su*       
regulations1 re/rictions1 & limitations 
z may be prescrib$ by ! ,ag5cy4  4