A bill to amend the Federal Home Loan Bank Act to provide investment authority to support rural infrastructure development, and for other purposes.
Improving Rural Access to Power Act of 2019
This bill authorizes Federal Home Loan Banks to purchase certain securities from cooperatives that (1) have certain investment experience involving the Rural Utilities Service, and (2) have received financing from the Federal Financing Bank.
Referred to the House Committee on Financial Services.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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