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US HB7647

Bill

Official Source

Status

Introduced

2/23/2026

Primary Sponsor

Vicente Gonzalez

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Origin

House of Representatives

119th Congress

AI Summary

  • Amends Section 2(10)(A)(i) of the Federal Home Loan Bank Act (12 U.S.C. 1422) to expand the definition of eligible community financial institutions
  • Adds institutions covered under the Federal Credit Union Act to those already eligible under the Federal Deposit Insurance Act for Federal Home Loan Bank membership
  • Enables federal credit unions to access Federal Home Loan Bank System resources for mortgage lending and homeownership programs
  • Introduced February 23, 2026 by Rep. Vicente Gonzalez (D-TX) and Rep. Fitzpatrick with bipartisan sponsorship

Legislative Description

MORE Opportunities for Homeownership Act Minimizing Outdated Restrictions that Exclude Opportunities for Homeownership Act

Finance and financial sector

Last Action

Referred to the House Committee on Financial Services.

2/23/2026

Committee Referrals

Financial Services2/23/2026

Full Bill Text

No bill text available