Though it was withdrawn during markup of housing legislation in a House subcommittee, a proposal to broaden membership by commercial bank in the Federal Home Loan Bank System will be the subject of hearings June 9-10 and will be offered as an amendment when the housing bib is taken up by the full House Banking, Finance and Urban MM committee.

The co-sponsors, Reps. Stephen L. Neal, D-N.C., and Richard H. Baker, R-La., agreed to withdraw the amendment until hearings were held after a discussion with Rep. Henry B. Gonzalez, D-Texas, during markup of a bill to reauthorize the National Affordable Housing Act. Gonzalez is chairman of the entire committee as well as of the Housing and Community Development Subcommittee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.