To increase the mandatory contribution amount of Federal Home Loan Banks to the Affordable Housing Program, and for other purposes.

Summary

The legislation proposes to increase the mandatory amount that Federal Home Loan Banks must contribute to the Affordable Housing Program. This change would affect the banks and could provide more funding for affordable housing projects. The bill is currently referred to the House Committee on Financial Services.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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