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S 1439 119th Congress

Federal Home Loan Banks' Mission Activities Act

Federal Home Loan Banks' Mission Activities ActThis 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...

Excerpt from the latest CRS summary Apr 10, 2025 Congress.gov

Introduced Apr 10, 2025 Latest action Apr 10, 2025 Sponsor: Sen. Cortez Masto, Catherine [D-NV] Finance and Financial Sector
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Source: Congress.govUpdated 2026-09-17 14:09:12 UTC.

Source-linked procedural record

Bill journey

4 dated records

This is a chronology, not a progress score. Politically.com does not classify stages or infer what comes next. Records sharing a date are grouped because not every source field supplies a time.

Congress.gov Recently refreshed U.S. Senate XML Recently refreshed
Introduction 1 One supplied introduction date.
Official actions 2 2 dated action records.
Committees 1 1 undated relationship.
Amendments 0 No record is cached.
Text versions 1 1 dated, 0 without a supplied date.
House roll calls 0 No exact legislation-key match in the House-vote cache.
Senate roll calls 0 No exact document-key match in the Senate-vote cache.
Related measures 0 No related-measure relationship is cached.
Linked law 0 No linked law record is cached; this does not predict outcome.

  1. Official action Congress.gov

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    IntroReferral · Senate

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    Official action Congress.gov

    Introduced in Senate

    IntroReferral · Library of Congress · Code 10000

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    Text version Congress.gov

    Introduced in Senate

    A dated text-version record is available.

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Every dated cached record linked to S 1439. Same-date row order does not assert procedural sequence.
Date and timeRecordOfficial detailSource
IntroductionIntroduced Introduced in the Senate. Congress.gov
Official actionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs. No additional detail supplied.IntroReferral · Senate Congress.gov
Official actionIntroduced in Senate No additional detail supplied.IntroReferral · Library of Congress · Code 10000 Congress.gov
Text versionIntroduced in Senate A dated text-version record is available. Congress.gov

House roll calls join only on matching Congress, legislation type, and number. Senate roll calls join only on matching source-supplied document type and number, not question text. Committee and related-measure relationships have no date in their relationship records and therefore are counted above but never placed on the chronology.

Congressional Research Service

CRS summary

Introduced in Senate Apr 10, 2025

Federal Home Loan Banks' Mission Activities ActThis 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.

Official documents

Text versions