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H.R. 2890: Housing Opportunity Mortgage Expansion Act

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H.R. 2890: Housing Opportunity Mortgage Expansion Act

115th Congress · introduced 2017-06-13 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-06-13 · official record
  2. Who proposed it: Rep. Hultgren, Randy [R-IL-14] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Housing Opportunity Mortgage Expansion Act

Plain summary

Housing Opportunity Mortgage Expansion Act This bill amends the Federal Home Loan Bank Act to continue Federal Home Loan Bank (FHLB) membership for captive insurance companies that became members prior to publication of the proposed (now final) Federal Housing Finance Agency rule ending their FHLB membership. (A captive insurance company underwrites insurance for its parent company and does not provide insurance to the public.) The parent company must support residential mortgage activities.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Housing Opportunity Mortgage Expansion Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Hultgren, Randy [R-IL-14] · 26 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Gwen Moore (D-WI), Bill Foster (D-IL), Mike Bost (R-IL), Robin L. Kelly (D-IL), Mark Pocan (D-WI), Bradley Scott Schneider (D-IL), Danny K. Davis (D-IL), Darin LaHood (R-IL), Glenn Grothman (R-WI), Mike Quigley (D-IL), Raja Krishnamoorthi (D-IL), Janice D. Schakowsky (D-IL)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr2890 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115