Sponsors of legislation designed to broaden membership in the Federal Home Loan Bank System were assured last week by Chairman Henry B. Gonzalez. D-Texas, of the House Banking. Finance and Urban Affairs Committee. that a markup of their bill will be held this session.
The principal sponsors. Reps. Stephen L. Neal, D-N.C., and Richard H. Baker. R-La., lost on a 4-3 vote of the House Rules Committee Aug. 4 when they tried to have their proposal considered as an amendment to the Housing and Community Development Act (H.R. 5334), which was passed by the House the next day by a 369-54 roll call vote.