Federal Home Loan Banks' Mission Activities Act

Hozzl · 2025-05-03T03:53:24Z

Explore the details of Senate Bill 1439 Federal Home Loan Banks' Mission Activities Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

5/3/2025, 3:53 AM

Summary of Bill S 1439

The Federal Home Loan Banks' Mission Activities Act, designated as S.1439 in the 119th Congress and introduced on April 10, 2025, aims to address and regulate the mission activities of the Federal Home Loan Banks. The bill establishes directives and guidelines for the mission-related operations of these banks, likely specifying objectives, limitations, or enhancements to ensure the effective fulfillment of their mission activities. For further details, the official text of the bill can be accessed via the provided PDF link: https://www.congress.gov/119/bills/s1439/BILLS-119s1439is.pdf

Congressional Summary of S 1439

Federal Home Loan Banks' Mission Activities Act

This bill expands the Federal Home Loan Bank (FHLB) program that supports affordable housing, allows additional financial institutions to qualify for FHLB membership, and establishes compensation guidelines for FHLB executive officers. The 11 regional FHLBs serve as government-sponsored enterprises to support mortgage lending and related community investment through advances to member financial institutions.

First, each FHLB must increase the annual amount contributed to the affordable housing program or other community development programs.

The bill also allows small credit unions and community development financial institutions to (1) qualify for FHLB membership by meeting reduced requirements, and (2) use advances for purposes other than mortgages, such as for small business activities.

Finally, the compensation for FHLB executive officers must be reasonable and comparable to compensation for similar positions at similar institutions. In determining such compensation, the FHLB must consider the level of investment in affordable housing and community programs.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 1439

Bill S 1439 is currently in the status of Bill Introduced since April 10, 2025. Bill S 1439 was introduced during Congress 119 and was introduced to the Senate on April 10, 2025. Bill S 1439's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 10, 2025

Bipartisan Support of Bill S 1439

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1439

Primary Policy Focus

Alternate Title(s) of Bill S 1439

A bill to reaffirm and improve the participation of members of the Federal Home Loan Bank System to meet the short- and long-term housing, including affordable housing, agricultural and small business lending, and community economic development financing needs of the communities they serve, including rural, urban, low-income, and Tribal communities, improve the ability of community development financial institutions and credit unions to meet community economic development financing needs for their communities, and aligning executive compensation to mission achievements, and for other purposes.