H.R. 1426: Federal Savings Association Charter Flexibility Act of 2017

CBO Score

$1 million

Date of Report

Fri January 26th, 2018

CBO Report Details

Legislation Details

115th Congress

To amend the Home Owners' Loan Act to allow Federal savings associations to elect to operate as national banks, and for other purposes.

Sponsor: Rep. Keith Rothfus — R — PA

This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate, subject to supervision by the Office of the Comptroller of the Currency, with the same rights and duties as a national bank (including operating without certain lending restrictions).

View the full vote history of this bill on GovTrack.us.

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